If 800M shares gets us through the whole process to market Zilosul, instead of maybe what we were expecting (300-400M), it means our shares will be worth half of what we expected. Surely that is better then a deal where PAR is jammed into a grubby little agreement with a partner for say 10% of sales.
I really don’t see why you think such a dilution would be the death of the company. I am not trying to be a smart arse. Genuinely would like to know.
Most of us are way down on our initial purchases. From a personal point of view, I would not like to see such a dilution, as I am in no position to participate in such a CR. (I guess if instos stumped up at 43c, then they are likely to participate @ 20-25c), However, I think it is the lesser of the other evils we face. If we have not been able to make a deal during the past couple of years, then there is fat chance of a good deal now with the precarious financial position we face.
PAR Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held
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