Looks like Lifull has about $89m AUD in cash & equivs based on this:
https://lifull.com/wp-content/uploads/2018/07/LIFULL_Consolidated-Financial-Report-FY2018-09-3Q.pdf
If the majority of the shareholders have moved to 20k positions like people here have, then we may have an issue on their end.
$0.80 is about $180m in market cap, of which lifull only has 50% coverage.
There are still risks to this deal, and I am buying CFO at the moment which to me has a lot more upside.
I will come back to this if I see management focused on growth with no deal distraction.
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