The only way I can think of to totally avoid dilution is by compulsory acquisition of a percentage of current holders' shares at the IPO price in the US. The percentage of the company that would be traded on the NASDAQ will be very interesting, and the way that is managed will be the most difficult thing the company has to do as part of the dual listing process. Does anyone know how this has been handled by other companies that have dual listed in the US? The listing of a huge number of new shares would create an enormous amount of money for the company and what would they do with say $500m+? Perhaps a special dividend for holders who undoubtedly would see the value of their shares initially plummet with for instance a 50% dilution?
BIG Price at posting:
$4.59 Sentiment: Buy Disclosure: Held
