Ann: Trading Halt, page-35

There is much speculation about dilution from the capital raising perspective.

Did people miss in the transformation announcement that "The directors of QBL have determined that QBL shareholders will have the exclusive right to participate in this raising by way of a priority offer"?

Irrespective of the fact MCLs balance 45% at a prior stage is a part of the CR consolidation/dilution - whichever you may see it as - this statement means that as a holder you have the opportunity to further invest into the company to negate any further dilution effect.

Therefore - and correct me if you believe am wrong - I conclude from the above that it is a holders own decision to participate in the CR and each individual holder is given the investment opportunity to have first right to negate any dilution of their own holding overall. The fact a holder does not choose to participate and becomes diluted is their own choice.