I agree that there is a lot of confusion. But the fact remains that company paid 7.5m for 1m EBITDA which is 7.5x and much is not that bad but the issue of 99m new shares is the bad part of the story... !
On the back of this acquisition company trying to issue 99m so 10% dilution based on 330m outstanding shares ... ! Company didn't even gave any discount to counter dilution ... so good luck guys... !
I agree that there is a lot of confusion. But the fact remains...
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