Be careful what you wish for. Raising cash often leads to...

Be careful what you wish for.

Raising cash often leads to dilution for us insignificant retail shareholders. Christian Damstra owns about 15% of the company from what I can tell, so hopefully it means that he will do what is best for shareholders rather than selling the farm to the institutions. VLT is a company that is 'on the cusp' of profitability, so I like the idea of some shares + cash upfront and then earn out bonuses for hitting future milestones. It helps to ensure that the intended acquisition benefits are delivered and the VLT owners that remain are incentivised to deliver the promised performance.

I'll reserve my judgement until I see the terms of the deal. I hope they release the quarterly at the same time and knock it out of the park.