More dilution for the minorities = less depth on the ASX = less chance of getting my money back.
At this rate they will need 5 years to get to $0.48.
============== Healthzone today also announced that the company is in the process of issuing under the provision of the 15% rule 12,563,826 new Ordinary Shares at AU$0.38c including 2,093,971 attaching Warrants to strategic investors in support of brand and retail business acquisitions, development of proprietary own brand health products and working capital.
Warrants are to be issued on the basis of 1 Warrant for every 5 Ordinary Shares. The Warrants are exercisable at a price of $0.48 cents per share before 23 June 2016.
Healthzone is delighted to announce that its largest shareholder Eu Yan Sang announced today they will increase their investment in Healthzone with the subscription to 7,310,755 of the new issue Ordinary Shares increasing their holding to 19.9% of the share capital on issue of Healthzone Ltd.
HZL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held