bva have a huge debt and they must repay almost half this year.
ironbridge will get a massive shareholding due to the underwriting and options at 15cents.
there is no way anyone else could make a bid for it.
ironbridge will steal the company unless there is a bid before the rights issue.
and the market cap is $22mln plus the debt of $59mln i think.
this does not put in on a p/e of 3 or whatever...more like 30.
