Ann: Casa Systems and NetComm Recommended Transaction, page-137

also I'm no broker and someone else here has probably already done this but just some very simple calcs here?
EBITDA for 6 months end 31/12/18 is $8.3M
therefore say $16.6M for FY19?
PE used by CASA in their presentation is 13.3
13.3 x $16.6M = $220.8M
number of shares currently (according to 31/12/18 6 month results) is 146,329,906
$220.8M / 146M shares = $1.51 ?

this takes no notice of all the hype over the last 6-12 months?
Someone tell me where I am wrong and how the Board are ok with $1.10??