You could argue that the 44 million cash is actually worth about 10-15% more i.e. 50-55 million to a company who needs to do a capital raising.
Usually a cap raising has to be done at a 10-15% discount to the market. Why not just take over unity with script and pick up the cash without issuing cheaper stock and going through the hassles of a cap raising.
Just for good measure you get the share losses, african interests, henty, eb's to boot.
Also Unity should get on with cleaning up the old site in victoria and get as much back on the 6 million enviromental bond if the deal with catalyst falls through.
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