Ann: Swoop to Acquire Regional Wireless Broadband Provider, page-12

I dont disagree that its a tough market, but James Spenceley, Tony Grist and Matt Hollis have a lot of experience and have worked together before in this same space for a company that is now 20x the size of Swoop, im sure they have very good contacts, (eg the Forrest backing), they are extremely good directors to have for a company of this size. They should be able to navigate industry issues as good as anyone.

Looking at the shares in issue according to the prospectus

There where 156,972,435 shares and 75,277,782 options in the old company but that got consolidated before issue new shares.
The old company holdings got reduced (consolidated down) to 6,825,035 shares and 3,272,951 options

89,401,261 where issued to acquire swoop
33,368,003 where issued to acquire node1
40,000,000 where issued to new holders for the re-listing.

All up there where 169.6m shares on issue pre this new acquisition.

573k shares to be issued for this acquisition (not million), so that is 0.33% dilution.

The 6.8m shares from the old company hold 4% of the new company, thats not a big deal.