Ann: Trading Halt, page-40

I'm not talking about the dilution at acquisitions stage at all.

I am talking about the capital raising. After the acquisitions. Thought I made that pretty clear..

What I in effect eluded to was this:

If the company is $50m MC and $5m CR is undertaken - you have the choice to put up funds for 10% more of your shareholding as it stands. I.e. you own 1m shares, you get rights to buy 100k shares (in simple terms - this is not necessarily the number).

If you don't take up that opportunity it is in fact you as the shareholder who has chosen to be diluted at CR stage.

Dilution will always exist re: acquisitions. I tend to look at it as a consolidation as others have termed it though. Lesser percentage, but same overall value = consolidation. IMO.