AIY would not be making an offer for Encounter unless

the results were more than "promising"!
rest assured the results that have come back from the prospect are nothing less than knock out, furthermore issuing shares at c30 comes back to the release put out on new years eve by AIY. I said at the time that if AIY are able to persuade investee companies to take stock at c30 then this tells you all you need to know about the current share price. The market will soon realize the disconnect here. Investee companies know that the current price is wrong and therfore will accept stock at c30. The sum of the parts valuation by morning star was recently c22 , thats before the latest news and news to come surely. This will be a pivotal week for the share price I believe.
good luck all
Holland Pommy