captial raising not if but when, page-2

Do not be surprised when there is a share issue to sophisticated investors. That way the time consuming issue of a prospectus is avoided and the percentage of shares held by small shareholders is reduced. Do this a few times and then the next time around, when there is a take-over bid, the prospective buyer has mainly to deal with big and recent shareholders, who will be willing to sell out 'cause they are making a quid. And the small (longtime) shareholders can "maintain an interest" by accepting some dud shares on a foreign exchange. Forgive my cynicism...