At the last 4C they had less than a quarter of funding available at $1.9M.
It’s a reasonably safe bet that any acquisition will involve issuing new shares unless it’s a pretty cheap acquisition. It also depends on how this months’ quarter has gone receipts-wise.
I’m expecting some dilution and it will be interesting to see what they’ve got their hands on now. Oil prices are on the up and up so it’s hard to see how they’ve got onto more distressed asset bargains.
At the last 4C they had less than a quarter of funding available...
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