No, according to the document, he has lost x% of his voting power, due to there being more shares on offer. This document is just outlining that fact.
The extra 46 million shares is about 18.4% dilution, but in the scheme of things, it shouldn’t cause too much of an impact, most people will notice their holdings also drop by about 18%.
The Cap raise has been a a bit of a godsend, setting WIN apart from their peers, and personally I wouldn't be drop $12million in this market environment unless I wasn't 100% sure it would be a WINner.
Ann: Ceasing to be a substantial holder, page-6
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 70000 | 2 |
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