yep, page-5

Too much dilution??

SWT are diluting the register by 2/3 to when merge with a company that is 18 times bigger in terms of revenue. Its a back door listing for People Telecom. SWT was only valued at $18 million so of course its going to be diluted when the 6th biggest telco lists. Did you expect no dilution when a company with $5 million revenue merges with a company with $80-$110 million revenue ( 2004 -2005)

I read an article in the West Australian yesterday that implied SWT must have got its maths wrong because there was more than a 50 % dilution, it was supposed to be funny like " oh looks like they need to go back to school". It was so uninformed and uneducated about the fact that its a backdoor listing for People Telecom that I gave up. Is that the level of knowlledge for the average financial critic?

I have seen no realstic valuation that puts People Telecom below 15.5 cents ( Thats using Grants62 first figures) and anywhere up to 30 cents. But, until it come son as PEople Telecom, its all too confusing for the average person, judging by thsi article, so ive given up worrying, just waiting until it come son as People Telecom.