Ann: NNG pro-rata non-renounceable entitlement issue Prospectus, page-20

Boom.

As I've mentioned before, companies that focus on growth aspirations through acquisitions emphasise there is a lack of growth ability through their IP alone. It can be done well, but in most instances it's usually done at the expense of early investors. I'll like NNG as an investment if one day it ever looks like management decide to stop diluting early investors to oblivion. For now I'm happy to side on the sidelines and watch this play out without taking unnecessary risks.