RB,
I think you need to go back and read the announcement. There is NO CASH in this deal. And the next S$6m in cash is subject to the whim of LUYE. They'll only put it in if there is real value there. That will be the big test.
BTW, John is now back. Are we likely to see answers to the questions?
Kosenar, I will not be exercising my 35c options. That is unless I can do a Goh type deal (where I don't have to put any real money on the line).
fact - luye and abs $60m prime valuation, page-13
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