"The Company recognises the dilutive impact of raising equity like convertible notes...."
Many in the investing community commonly refer to this state as a 'DEATH SPIRAL',
where many, many ordinary holders are diluted almost out of existence.
Once the register reaches 5 bil, it's really simple for the current BoD, just do a consolidation.
Calculate out what you will own with a 100:1 consolidation, it doesn't worry the large entities though.
Rinse and repeat, many other companies have done just this, well so can GGP.
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- Ann: Open Letter to All Shareholders
Ann: Open Letter to All Shareholders , page-35
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