I have read through all the documents and the following points are the most pertinent:
1. The independent valuer is Bentleys, which is I believe is highly regarded and has offices in Aus, NZ and China. IT ENDORSES THE ACQUISITION AS FAIR AND REASONABLE
2. The upside for Cirralto is indisputable, and ,as it has been described in the document, the merged company is GREATER THAN THE SUM OF IT'S PARTS( that is, the strength of Cirralto and Appstab together is far greater than the 2 entities separately)
3. The benefits to Cirralto are numerous, but the down side is the stock standard downside that any business operates under (competition changing, poor performance, volatility of world markets etc) . Share dilution is, in my opinion, irrelevant if the product achieves the global penetration that the company aspires to. Nobody cares how many shares there are if the company is performing, whereas an underperforming company cannot hide behind small share numbers. Voting for the acquisition is demonstrating belief in the company, its products, its board and Adrian Floate, who is the brains behind and the driver of the Spenda product suite.
4. There is no doubt that failure to approve the merger will largely sideline Cirralto's lofty ambitions, and I see know reason why Appstab would not seek another company or companies to acquire their software.
5. I think the fact that AF has loaned large amounts of his personal money(over $1000000) to sustain Appstab through its software development is testament to his firm belief in the software and his ability to recoup his investment.
6. Taking shares instead of cash shows the faith the other directors have too.
7. Finally, the use of the term 'global' indicates exactly where Cirralto is aimed and time is clearly of the essence as it must penetrate the global market first, before competitors enter the field.
IN summary, I believe it is vital that this Acquisition is voted through in its entirety. It is clearly stated that ALL the resolutions must be approved for this to proceed. Don't be complacent- get your affirmative votes in of give your proxies to the Chair. This is what we have waited so long for.
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