then on the next page 39 of the demerger doc there is a balance sheet
bottom line = $26.7m of Equity in Talon
compare that with the 100m shares and Talon has a "theoretical" or "book" value (don't lynch me ...) of 26.7c per share using the 2 for 5 capital reduction
That equates to $0.10 of theoretical value in a current Texon share when the market is giving it $0.01.
they just can't get it right, page-10
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