SBL 0.00% 0.1¢ signature metals limited

the last 2 cap raisings, page-4

  1. 984 Posts.
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    With LG owning so much % of SBL, cannot see why a capital raising would be successful for the non-LG holders. In fact, I see a future CR being made very hard for non LG holders to go for. For capital raising to be successful LG would have to put in the majority of money (+70%) and to what end would this achieve. They didn't spend any money in achieving their current percentage and cunning way for them to increase their ownership level is for non NG holders not to buy into the CR. As most of these non holders would NOT, I suggest, take up their entitlement under the present circumstances, LG would, by stealth, increase their % holding in SBL, e.g., say only half of non LG holders (currently hold say 25% of company) take up their entitlement, the non holders would lose a significant % of company again (from 25% to +/- 19% or 6.5%. LG gains more control (up 6.5%) in a company which they are using as a catalyst for their other expansion strategy for very little Money which they would have to commit anyway to further SBL's development and potential. Who gets to control where and when the money raised is spent....you know who? Do CR this over and over again.....complete control will ensure!
    What a system?????????? Bernie
 
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