TNT 2.17% 22.5¢ tesserent limited

Ann: Tesserent to acquire Asta Solutions, page-7

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  1. 94 Posts.
    lightbulb Created with Sketch. 5
    True they are selling for $3.6m, but only $0.6m is cash.

    The remaining $3m is in shares. Let's for discussions sake say they were issued at 7c, if the share price rises to 21c in 2 years time (which would be a poor increase in my eyes) when all shares are out of escrow, it's suddenly $9m worth.
 
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