Onceover if Matsa can raise funds by means of a placement with 10% or less dilution and at a discount to its current SP of around 10%-15%(which would mean around $4M -$4.5M I'll consider that a good outcome.Especially since they have only issued 1.1M new shares in total over the last two years.
When you say not "dilute you to death" are you referring to what the management of BNR (which you speak so highly of) subjected you and other holders to ? ie a dilution of 86% in the last twelve months.That was a shocking example of management failing to manage effectively and raise funds in a timely manner and failing to consider the interests of shareholders wasn't it?
Ann: Trading Halt , page-46
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