Current shares on issue are 49,034,903 for DTZ. This isn't fully diluted though but with exercising of options comes cash etc.
Basically Northern Iron (NFE) was cashflow negative with debts it couldn't pay. It went into admin, subsidiary filed for bankruptcy and was wound up. Shareholders wouldn't have gotten a cent. Through otsana they got about 10% of dotz as opposed to $0.
This one will be a bit different because we have 7 or so million in cash and no debts. We will get more % of any company (or a bigger company). We are in a far different state to NFE when they got RTO'd.
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