RAC 2.20% $1.78 race oncology ltd

Ann: Application for quotation of securities - RAC, page-71

  1. 2,925 Posts.
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    How is it a genius move?

    If everyone participates, ownership of the Company remains unchanged - but you've increased your exposure to do so. Increasing your exposure should result in holders increasing their upside opportunity, not maintaining it.

    If they hadn't blown the money from our $3 raise this wouldn't be required. We've already funded this AML trial.

    Any scenario where surplus options aren't purged is a kick in the teeth.
 
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