In the announcement we are looking to sell Texas soon and possibly do a buy back yet we do a capital raising now.
I bet the buy back from Texas sale will be at a higher price that we are currently at so this is dilution on dilution.
Further, RMP gets in on the offshore - you would have to be kidding unless it is simply used as a means to dish off 20% to RMP at a RMP price of ~75 cents for say $20 million cash or something equivalent.
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- if selling texas soon why capital raising?
if selling texas soon why capital raising?
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