An interesting observation. The shares issued to Bob could be...

An interesting observation. The shares issued to Bob could be booked to the company at 23.5c which is the closing price yesterday. If that's the case then there could be another revaluation win as per the half year account that had an revenue item -fair gain on financial liability. The fair gain at Dec was the shares to be issued being revalued from 34c to 27c. If they were issued at 23.5c instead of 27.5c, then we would have another gain.

In short, what this means is the shares were issued to Bob for the purchase of the original business at 23.5c. This is a lot better than 34c which was the estimated price at 30/6/18.

Looking for positives with a share price that doesn't seem to reflect what the company is doing.