I most certainly do know what I am talking about. ADL issued 20 cent par value shares for the Temenos shares equivalent to a Temenos share price of around 7 Swiss Francs per share or about $7.40 AUD.
At the time and since then ADL shares have been trading at around 6.5 cts. The Temenos shares were gained by the company by issuing something in the order of 110 million shares at 20 cents (not sure of the precise number). If those shares were issued at the equivalent of the current traded value of 6.5 cts then some 340 million would have to be issued.
That is where my comment of three times the value is derived. By the way the Temenos shares are now trading at around $11.50 on Swiss Stock Exchange.
ADL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
