re: Ann: Merger update, determination of VWAP... I don't see it that way at all ecsc
The cost of the 27 million is to list as well. So for 27 million BTA issue the equiv of 17% more shares and list. They also buy existing analyst attention. So you need to ask how many more sharesissued for 27m and free listing. It also doesn't dilute existing BTA shareholder by as much to raise unnecessary cash
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Ann: Merger update, determination of VWAP & share, page-4
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