NGC can only dilute if holders don't take up their rights.
Most of the subs have an average price or $0.08 already so if I were them I'd either reach an understanding with NGC and sell at a premium with a TO bid or take up my rights and make them blast me out.
They all came to the party because they knew the company was vulnerable.
I am impetuous and brought some on open so I am already down for the day but I can afford to wait.
I intend to take up my rights if it gets that far. Business will be financial sound and will have competent management. On that alone it's worth north of $0.07
In my opinion only the subs will take up their rights rather than be diluted and cede their leverage.
FGS don't follow me!
Ann: Funding structure changes and director appointment, page-18
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