Do you know what entitlement is? Its giving shareholders the right to buy more shares, more shares are being issued, this is the definition of dilution.
There will be 989,242,262 more shares issued with this enititlement (double the current amount of shares on issue!), and then double this with the options!
Talking about 2 billion dilution if it all goes ahead.
Best way to raise capital is non dilutive, ie credit facility, this issuing capital is dilutive and what they have done here prob just put a nail in the coffin of this company. There will be triple the amount of SOI, and you say non dilute, cant get much more dilution!
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