What he actually said was, " it will be significantly less dilutionary compared to a capital raising of this magnitude by Altech at its current share price; " This statement is correct. Raising USD$100M (AUD $140M) at circa 10c would triple the shares on issue and result in current ATC shareholders being diluted by 2/3 instead of 1/2 under the proposed transaction.
Ann: Altech - Launch of German Project Equity Strategy, page-86
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