Okay, we're probably just arguing over language. I don't think saying the share price will dilute by 90% is the best way to describe what will happen, as it certainly sounds like you were suggesting it will fall by 90%, even though you weren't. To me it sounds wrong to say that the 'share price' will dilute. Shareholders will have their holding diluted by 90%, but in return for something. It's not the share 'price' that is diluting, it's the share itself. The price will be dictated by the deal as a whole, including the debt reduction and any positives that arise from it.
The price might fall a bit due to an overhang appearing on market 'overnight', but it's not because the 'SP was diluted'. I expect the shares to have moved down to around the placement price by then anyway, so I don't think it will fall much overnight. That's why I immediately sold my entire holding at 0.125 as soon as I heard the news, an overreaction that cost me quite a lot, as the market didn't make it's way down as quickly as I expected.
So no-one knows whether the company is going to mail out the retail offer? It sounded a bit like we have to look for it online if we want to participate.
RFG Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
