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"Does it make sense for PTSC to give Crossflo 7.5 million in stock about 30 million shares... using treasury shares that we purchased at an average cost of 0.557. Total investment of 13 million in cash for a 7.5 million dollar deal?"
I had the same thoughts some days ago and the only conclusion I could come up with was, that Crossflo is worth much more than $10mio and RG knows that. Because why should he be willing to pay 50% more (cash $2,5mio +treasury shares for $13mio)?
But: just another speculation on my part...
GLTY
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