RAF - A New Future

Wiganer - Everyone also appears to have conveniently forgotten all the deferred consideration due for the acquisitions, which could drastically alter the number of shares in issue.

Firstly, it looks likely that Holly Benson's vendors are due another £607k, satisfied by half cash and half shares.

The vendors of Navigator are also entitled up to circa £3.1mln, subject to performance, although latest figures suggest that they are unlikely to receive anywhere near that.

I believe that many of the smaller acqusiistions also have some deferred consideration built into the acquisition deals.

Great stuff, eh??

Rgds
dell

All IMHO, DYOR etc.