cbi delisted from nasdaq, page-20

True enough colquhoun but it's hard to imagine the RGM deal being truly independent of CBTE deal as that merger would give CBTE about 50% holding of BOS and therefore an interest in the merger.

As I read it, CBTE being granted 114m BOS shares halves that 4.3 cps valuation. Additionally, there is still a question about Orchard Capital's stake in the deal. They may have a claim of Singapore Dollars $1.2m worth of shares in the newly floated entity.