How the mcl deal works, page-28

Thanks mate.

I agree that less shares on issue the better, no doubt.

I've only ever argued that the maths & logic of market value adds up & is completely fair to both shareholders & Andrew.

The problem before this deal was that QBL is only entitled to 55% of profits, now we stand to have a larger amount of shares on issue but offset by increase to 100% of the profits.

Investors are not silly & will know which ever way you slice it up the situation doesn't change much.

Ultimately shareholders need to be aware of the dilution from years of pursuing bauxite & that the company has risen from a position of vulnerability, the saving grace was the cash in bank after original purchase of 45% in MCL.

QBL has actually done remarkably well to place themselves in the position we find ourselves in.

The shares on issue are not going away, unavoidable mate.

The shares on issue will not hold the sp back if all our ducks are in a row, if we can afford that research in Israel & that study pulls off something big like treatment for autoimmune diseases than 1 billion dollar market cap here we come.

Have a good night @BPacker