And on the subject of future funding why has the current board been willing to give 3,000,000 options to the new director and seek a capital raising elsewhere?
When they should be offering the current shareholders the chance to invest further in the company at a discounted rate.
The discount is then irrelevant when the issue is made to existing shareholders as there is no stock dilution as such.
But teamed with a free attached option, which would also be irrelevant as far as dilution is concerned, becomes very attractive and could easily be over subscribed. Instant cash with more to come when the options are exercised!
As it is we will be further diluting the company to the benefit of others.
Or does the team of directors not think they have shareholders confidence and support?
it's all just cut and paste integrity, page-34
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
