Hi Guru,Well I think you might possibly be conflating the new...

Hi Guru,

Well I think you might possibly be conflating the new shares associated with consideration paid for the acquisition and the potential total new shares to be issued in total.

There seem to be three potential share issues:
1. shares issues for the $2M consideration paid to Ordermate..............................approx 10M shares*
2. shares possibly issued if notes converted roughly........................................................ 21.6M shares*
3. SPP offered to existing investors. $30k per investor @ $0.2078 would be
about 144300 shares per investor times 700 in cap table max possible approx 101M shares **

Total possible shares...................................................................................................... 132.6M shares

Now realistically many of the investors in the cap table will not buy their full entitlement of $30K of new shares.
So perhaps MSL is signaling that they may not cap the investors by quoting 99M in total. That would be a very shareholder friendly way to structure this acquisition. It may also mean that they want to build a substantial further war chest from current investors to accelerate their growth stratgey.

* Potential dilution associated with the acquisition
** New share opportunity for existing investors -buy your allocation of these to limit or avoid dilution - have nothing to do with the acquisition EBITDA.