RE:Common shares in dealFor every buy, there is a sell, so what you are saying is: there's a lot of volume today. A spike in volume would be typical after a news event such as an aquisition.
Yes, the share base is being diluted by 5.3m shares, however, said dilution by % is only 3.58%. So I wouldn't view the dilution as significant.
Loyalist will pay $8.1 million for Uhak, of which $5.3 million will be paid in cash, subject to certain closing adjustments, and $2.8 million will be paid through the issuance of 5,384,615 Loyalist common shares at a price of $0.52 per share, with $2.2 million of such shares being held in escrow for a period up to 24 months following closing as security for certain defined post-closing adjustments. The parties expect to complete the transaction on or around December 5, 2014.
I always viewed this as a roll up story, I never appreciated that the company could vertically integrate the sourcing of students. I'd say it's a very astute move, and leaves room for another acquisition.
GLTA