If 620m shares are issued, that would take the tally of additional shares issued in 13 months to over 70%.
Putting that in perspective, its like a 10cps on the day AJM resumes trading would be equivalent to 17cps just over a year ago.
Has that equity dilution gone to growth or just survival?
Really nothing further to add. Either the company raises the equity to satisfy the note holders or it doesn't.
Have already given you all the numbers to play with and adjust to your own accord and the figures are laid out clearly in the early Dec 2019 announcement.
My hope is they live to fight another day.
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