Hope your right T4P, but whilst that may be the right valuation...

Hope your right T4P, but whilst that may be the right valuation for a t/o let's assume they've been capping this with the goal of putting out a low ball offer, eg. a 20% premium to placement price of 35%. So'd we'd be looking at somewhere between 44 cents and 60 cents.

Happy to be proven wrong, so lets hope it's somewhere nearer your 60 cents to avoid any undue delay in the consolidation. 44 cents would ofcourse be an insult to third party shareholders.............hehe.