$600,000 in cash, $3million in shares = to 4 x their (FY18) earnings before tax, interest etc.
shares in escrow for 12 and 24 months. We do need more info on what price those shares were issued at.
So I read this as meaning they've acquired a company whose profit is around $950,000 per year before tax etc?
Ann: Tesserent to acquire Asta Solutions, page-2
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