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mickloff

1,387 Posts.

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13/05/18

23:47

Post #: 33066199
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Originally posted by Trav46 ↑

You never said it will be a dilution, you said it will be a capital raise. Something like what happened when First Samuel bought $5m worth of shares at market (2.5c) was not a capital raise. I will agree that it was a dilution, but not a capital raise. A capital raise is where shares are issued at some sort of reduced premium. If that does not happen tomorrow, then you are plain wrong.
Like I said, if you have knowledge of what is going to happen tomorrow, before it is announced to the market, then that is insider trading, and the ASIC would be interested in talking to you I would think. Since I doubt that an insider trader would be dumb enough to spruik such things on a public forum, I honestly believe you are full of your own self importance, and your credibility is nought.

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You may want to cross-check that before IA replies there Trav.

First samuel was a capital raising in every sense.

Just because you make a placement rather than a rights issue doesn't mean you haven't raised capital it's merely a different method both dilutionary.

NSL Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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