fifty shades of ags, page-33

I dont understand this less dilution scenario that Management have put across.

If AGS were to win 100% back then AGS are giving up 40% of ACE, for what?? (Management say the 40% will pay for a standalone Plant),to me the 40% is one hell of a dilution.

Remember its post final determination.

So if AGS were to win 100% back then the share-price should reflect that. It should be a multiple or two or four or six or higher even, of One Dollar.imo Share-holders would be falling over each other to get set in a Capital Raise to fund the plant.imo I know I would.

Has anyone an opinion on how its less dilutionary doing the deal with Itochu. I must be missing something in regards to this!

This deal(the dilutionary effect) does not add up to me.

Md