Guys
do avoid dilution one needs to participate in the rights issue
if the stock goes back to 2.5c on successful Odin results that is a 150% on rights issue price. Although dilution is big , it also allows the asset to be realised
I will be aiming to participate in placement which I imagine will be scaled back and adding more on market. The raising can really increase revenue and cash flow .
it’s not doubt a crappy outcome for existing shareholders but less crappy if one takes up rights
Ann: Trading Halt, page-16
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