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Ann: Board of Directors Update, page-66

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ArtVandelay

5,197 Posts.

1439

28/05/22

13:55

Post #: 61678651
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Originally posted by BulldogJoe ↑

While you did predict the price drop, I don't really see the problem

A higher price might have made it more difficult to get the shareholders to tip in, but it is restricted to current holders.

As of June 1 Paul simply wants to have the full $3m subscribed. He would not be interested in making money for traders, but this really gives shareholders the opportunity to add to their position.

Dilution only occurs for those not participating, but the capital injection should help him accelerate the growth we are all hoping for.

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You are incorrect.
Dilution happens for everybody.
Even if you’re happy with your individual $30k, there is still a further maximum $2.97m of shares being created for that will dilute you too.
For the company, long term, 75m shares at 4c is worse than 32.5m shares at 8c.

WFL Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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