Copied from STASH on PNE board.
Some info on the pro's and cons of the PNE/CFE/ELL action:
http://www.asx.com.au/education/inv...-ipos-v-backdoor-listings-rules-and-risks.htm
For anyone reading this who has ELL shares - the reverse takeover will dilute the holding by a factor of about 3.9 (ballpark figure; best do your own maths!).
Revenue, page-40
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