The 37.5% offer is equal to 0.011c premium to the 13/09/21 NME...

The 37.5% offer is equal to 0.011c premium to the 13/09/21 NME SP
The $3,6 mill current liability of NME is equal to ).0135c/NME share
So when we add 0.011+0.0135= 0.0245c.
So in reality MCT is offering 0.0245 premium on the 13/09/21 SP of 0.037c
that is 0.0615c/share for NME or a 66.2% premium.

That is a higher premium than what RMS paid for Penny West, so
I don't give a toss if anybody is a top 20 or a bottom 20, that is an
extremely good offer for a company that has excelled in underachieving
over the passed 10 years, I think the offer is over the top, for a life
style company.