I like the move, Expanding into Canberra and enlarging the...

I like the move, Expanding into Canberra and enlarging the office.
The Federal gov has an obligation to diversified a portion of their contracts away from the big firms and
Into the smaller one as the new approach to encourage innovation's in Australia by the lib, so smaller and agile companies get a chance when large contracts get divided into smaller segments.

The move away from WA into the ACT n MEL is another great plus, this is where the contracts are.

Diversifying away from just products and into other higher margin ICT services is a must for CNW profitability and survival.

Correct comms the purchased entity had 11.5 ml revenue and 676k Ebitda is already a positive, not the best ratios never the less with scale they will improve.

the escrowed shares is a great solution as mentioned before.

1.5 mil can translate to up to another 100 ml shares added to the 800ml we will be at 900 ml is all irrelevant if the business is successful as opposed to high revenue no profit. with a 10:1 share consolidation
900ml shares become 90 ml and the share price goes up x 10.

I see this purchase as essential rather than just an opportunity passing by.

I put my sentiment as hold since i am highly invested in this company already, over and above my normal risk ratios.