HI, like to start a thread to prepare for any pitfalls for dilution if new listing
would be good to get organised, SHolders to know what is up, and to know how to present as a unity, aka United Shareholders of TTL
for example, we would be extremely lucky to get a 1:5 or even 1:10 dilution, let's say you now own 1m shares of 173m MC shares, you have 1/173 = about .57 percent of the MC.
if the MC was $1m your shares are now worth $5,700. but you night have paid double or triple
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Now let's do an example here:
new total shares 100m total shares
old TTL 173m shares split at 1:17* = 10m shares * I made this up for simplification to get 10m shares, let's hope it is 1:5 or so
>> CR shares 30m shares at 20c to raise 6m new capital, >>made this up as well, is like a round number
Vendor Shares 60m shares at 20c to pay the vendor 12m for the value of the new company , ie assets, good will etc >> seems a bit high , depends on coy
Total 100m shares
Listing price 20c / new MC $20m
if you had 1m shares before split and re-structure, you now have 1,000,000 / 17 = 58,000 shares
if the company lists at 20c your value of cash in those shares is $11,600
Compare to how much did you pay for them ?
Now the above was just an example, when the vote comes, you we need to
-first understand the calculations and
-second unite as one voice if we need to offer to be made better for us,
Can someone come up with an idea where we can start a private thread and discussion group please
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keep in mind this thread is not to put rocks in the pathway of re-listing but to preserve our rights and not get over-diluted.
also keep in mind one or two of the directors have skin in the game, and hopefully will preserve value and make sure that over-dilution won't happen
GLTA
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