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IOU Chart, page-2110

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    There is a positive outcome via the delays in closing off Tranche 2 payment, especially if they drag it out for another 2 months. That would put iou in the position of maybe not paying anything more for Tranche 2. Yet get 42% of the company.
    Example
    $21m paid for original 21% of idsb
    Upon audited accounts, using the discounted method, payment 2 equates to approx $7m.
    Total cost for 42% =$28m of which 75% was already paid.
    Now, reminder, we were allocated dividends based on 21% ownership, however it might need adjustment to 31.5% for Dec, March and June Q's.
    That would equate to a 50% increase in dividends, add them against the balance less refundable deposit.
    Might be very close to net zero

    Maybe just my musings though.
 
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