This statement (below) is not correct and is disingenuous at best.
Dilution occurs when shares are issued for things like rights issues or performance payments and CR. Dilution does not occur when you receive or acquire something of value and issue shares representing that value. The only time this might not be true if the company overpays or issues too many shares in the acquisition. In this case 36 cents was what the market settle on and STX received $116m without any dilution. However, even if STX sat on WGO shares they had something of value without any dilution.
STRIKE WILL BE PAID $0.36 PER WARREGO SHARE, AND EXISTING STRIKE SHAREHOLDERS HAVE SUFFERED SIGNIFICANT DILUTION
Cheers BW
WGO Price at posting:
35.8¢ Sentiment: None Disclosure: Not Held
