I need to re-read the announcement.
Once again they are not clear on specifics. I don't recall whether they said whether the $10m raising will be through AEB shares or shares in the spinoff company.
I recall no details of the terms of either the raising or the convertible notes so it is impossible to ascertain how much dilution will occur.
Hardly surprising with this mob.
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- Ann: Algae.Tec Secures Funding to Fast Track Developments
Ann: Algae.Tec Secures Funding to Fast Track Developments, page-13
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