am only part way thru it.
couple of highlights for me:
1. a really strong recommendation from the Independent Directors. I don't think I have seen such a strong commitment statement from a Board for a deal of this type.
2. KPMG have valued the Top-up Mechanism like a Call Option. They have valued the consideration payment under the Top-up as $0.6m to $1.8m (based on a strike price of 0.8cents. I was wondering just how they would arrive at a value, considering no one knows what the EGO SP is going to be. Not sure I am comfortable with that process.
3. report shows EGO is paying a price which is at the low end of their valuation range,
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