Again with all due respect the statement "whatever the raising there's going to be dilution" is simply not an accurate statement IMHO.
Renouceable Rights issues do NOT dilute existing holders.
Equal rights are offered to all based on the exisiting holding.
The shareholder either takes up their rights (in which case they are NOT diluted.. they simply maintain their existing % stake in the company) or they renounce them and are paid by another for the "rights", and thereby receive compensation for not participating (and their dilution)
The key issue here is it's the shareholder who decides whether they maintain their equal stake in the company (and it's future prosperity) NOT some other third party (like an outsider)
Why is it that in 2016, it is not understood why RR's are the preferable and fairest way to raise capital for shareholders?
Cost Saving Strategy, page-34
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