18 for 10 rights issue, page-7

What amazes me is that they’re raising a few million dollars to payback the loan to Freefire who are loaning an addition couple of million dollars AND underwriting the placement. That’s absurd.

SH are being diluted out of the equation.

If the subscription is not filled and Freefire underwrite the placement, what happens to their share in the coy? They reckon it’s capped at 19.9% but I can see this turning ugly very fast.

Good luck guys.