Off- market transfer of ISX, page-61

Whether the seller makes a gain or not is irrelevant.

With this post, you have lost all credibility.

Anyone can make an offer of less than lhc valuation even if they do not have positive sentiments about the company.

Putting your money where your mouth is is paying above the 5.5c and 7.5c but less than the price at which you believe it will open at, less the cost of liquidity.

If we assume ISX will trade in 3 years, we can infer the cost of liquidity to be the 3 year treasury bond going rate... Let's just use 10% pa even though it would be closer to 2%.

So an offer of 5c means you actually value this share at a maximum of 6.5c.