Holy dilution! WTF???
Assuming a stable MC of $143M that means with an additional 243,750,000 shares that equates to a SP of roughly 14 cents!!!
Clearly the Board did not give a shit about existing shareholders being massively diluted.
I will remember that fact when I attend the AGM next month and introduce myself to the directors and personally make their acquaintance.
Ann: Empire Completes $46.8 Million Capital Raise, page-12
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