Thinking Out Loud

At Melb session it was said that DiaSource's Rolf & Jozef will hold shares in Anteo after merger. So have been thing about this and came to the following:- So presume some of the purchase price will be in shares and cash as per offer, but GC said it will be under 5%. Let assume Rolf & Jozef take shares roughly equivalent of Eu$2.9M of the purchase price. In the "Offer Document" for capital raised of A$12M, it is stated that the allocation of funds for working capital is A$4.6474M (roughly Eu$3.01M). That means once merged Anteo will roughly hold a debt to CN holder of Eu$10M and working cash of Eu$5.91M and have a factory freehold asset valued at approx Eu$4 to 5M which equals approx EU$9.9 to EU$10.9 in cash / freehold and also you can add the bonus profit for the 2015 DiaSource Tax year to come. Tiger says congratulations to the Anteo team and Ferghana on a job well done, not only for Diasource but also Anteo Shareholders.
All IMHO, DYOR etc etc