Sure it was a good short term way of raising cap on paper. But they need to get a price for the MELs/BYEs to frank that value... and it’s still dilution and they’ll pay a price for that later as it gets bogged down more than ever by short term traders , and money raised only lasts so long without income without discovery and the extra 400 m shares still remain . Thankfully they may need to start parting with them soonish. Personally I think they should have sold off another 10% of Beehive...and not diluted themselves..
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