In other news, water is wet, ice is cold, the sky is blue.
Capital raisings are dilutive and it doesn't matter how they are conducted, the institution running it always gets a good slice. Unless Investors continue to add shares to their holding, they will always be diluted away. That's no different to a bunch of entrepreneurs setting up a company with an equal stake, finding 12 months down the line they need to raise more case, with one having to sit it out because he needs to money, as a baby is on the way.
This methodology allows BRN to raise capital without constantly going cap in hand to the market. It beats a loan, that's for sure (If BRN could even get one)
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- Ann: Capital Call Notice under agreement with LDA Capital
Ann: Capital Call Notice under agreement with LDA Capital, page-198
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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90 | 2139791 | 0.240 |
43 | 1489823 | 0.235 |
48 | 997704 | 0.230 |
19 | 1150803 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 1507830 | 45 |
0.255 | 610740 | 22 |
0.260 | 596583 | 15 |
0.265 | 979068 | 13 |
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