True enough colquhoun but it's hard to imagine the RGM deal...

True enough colquhoun but it's hard to imagine the RGM deal being truly independent of CBTE deal as that merger would give CBTE about 50% holding of BOS and therefore an interest in the merger.

As I read it, CBTE being granted 114m BOS shares halves that 4.3 cps valuation. Additionally, there is still a question about Orchard Capital's stake in the deal. They may have a claim of Singapore Dollars $1.2m worth of shares in the newly floated entity.