All existing shareholders can buy as many shares on the market as they like. But whatever they do, their equity will now be diluted by at least 50%. To my mind, the dilution was far in excess of what was reasonable to get STORM well underway and it was at nearly the lowest price VLA has sold at for many years. Bell Potter would have been delighted, though.
VLA Price at posting:
32.3¢ Sentiment: LT Buy Disclosure: Held
