$13.6M for 9% ????? Who was seller????150M valuation on one property would be justified if that property brought in 15M of profits or 10 times earnings. At 20 times earnings that's 7.5M profit which is more than the company with all combined properties earned.Whom did we give such a sweet valuation to and why????? Definetly not a good use of shareholder funds????
Something is smelly here....