calculation regarding dio issued capital

as per DIO's financials, EQUITY is as follows:

Issued Capital 116,467,859
Reserves 4,226,594
Accumulated Losses (33,204,372)


with 91,580,410 shares issued, and issued capital being $116,467,589....

$116,467,859 / 91,580,410 shares on issue = $1.27 DIO share

and that's just for shareholders to "on balance" break even on the takeover.

IMHO that's closer to where a takeover offer should be.... or why not just 1:1 DIO:AVO scrip? to make up for the fact it isn't a CASH offer.

definitely value in DIO yet to be unlocked.

pleased to read there is another potential offer to be made soon for DIO's assets.