dilution, page-3

senoj so raising new capital 'will immediately enhance the bottom line and ultimately assist with financing growth'

really? it looks to me like effective dilution:

removing borrowing (interest cost) and replacing with share capital (which expects to earn > than loan interest); net effect is dilution of available profit for existing shareholders?

and I don't see how it can assist with financing growth if all that happens is equity replaces borrowing; the company has the same funds for growth as it had before the capital raising.

the reason it appears to me is nothing more than to get the bankers off their back, nothing to do with bottom line or growth.