Not necessarily. If you have Hashan’s fund or other insto wanting to come in the premium to par range even though we don’t immediately need funds, that fine in my book as long as we are not diluting too much or give freebies like options below SP.
We are already at approx 1.3 Bn shares. How much more will we dilute?
Do we need to fund any new trials that the company has been working on it the background?
Do we need money in the bank so we can negotiate from a position of strength if a BP makes an approach?
The purpose of the funds, the pricing and deal structure, who is coming on the register- are they a long term hold or traders, etc., all need to be taken into account.
AIMO. No advice. DYOR.
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