H,
Read between the lines. CS is obviously running everything. It is their recommendation to engage in the specific M&A for specific income reasons to support the float ie to uplift the valuation based on increased cash flow to prop the price prior to the Intevia market exploding. They will be funding the acquisition, not leaving it to anyone else. What will it cost? $50M or so? Chicken feed to that outfit who will stand to make 15% or so of the placement price (and get their loan money back). We are not looking at a trivial US$5/share float price based on their forward estimates. And it is only their forward estimates that count as they will be selling based on those figures.
broker presentation, page-15
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