I’ve seen some comments on here that suggest money is leaving the business to pay for this dubious acquisition, thats clearly not the case. The business won’t be extending its borrowing, nor will it be using cash from cash flow to fund this. The purchase is in shares and the ones primarily affected by this transaction are existing holders.
That is, at least, one saving grace that they weren’t stupid enough to use company funds for this.
Won’t want to come over here anyway without debt refinancing sorted. Not sure if that’s going to happen anytime soon, despite a proposed update due next week. Suspect , if anything, it’ll say that it’s still ‘progressing’.