Level-headed, blunt assessment of Lake Resources, page-212

I was expecting a cr with the last ann. I got that wrong didn’t I. Whenever a company doesn’t generate revenue they have to raise money somehow. It’s inevitable there will be dilution. One of the draw card of this stock has been lilacs ability to draw funding and how lake has avoided mass dilution because of that. But with so much needed anyone who thinks dilution isn’t coming is living on dreamland. What matters though from the point of dilution is the ability for the company to provide value from that and have the stock rise up past that.. so really what matters is not just the cr but the terms of the cr.