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4.1¢ delorean corporation limited

Ann: Update On Subsidiary - CleanTech Energy Pty Ltd, page-28

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tevye

45 Posts.

6

30/05/23

12:56

Post #: 68033657
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Originally posted by LongCleanEnergy: ↑

A capital raise at [2c] for arguments sake would be absolutely diabolical.
$2.1m raise assumed at 2c = 105m new shares to be issued.
According to ASX there are 215,720,915 current shares on issue. So this is c.50% dilution.
Assuming management/board take up 0 shares (no money to investor for arguments take) and 105m shares goes to a new insto that would mean management dilute themselves from current c.40% holding to 26-27% roughly.

This problem needs to be solved through a con note or debt or something else.

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105m new shares would be approx. 33% dilution - not as bad as 50% but still a crazy number.

You calculate the dilution against total shares on issue after the raise, not prior. You get 50% dilution after doubling the shares on issue.

DEL Price at posting: 3.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.1¢		Change 0.001(2.50%)		Mkt cap ! $8.845M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.1¢	$205	5K

Buyers (Bids)

No.	Vol.	Price($)
1	24999	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	15763	1

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No.	Vol.	Price($)
1	24999	0.040
1	131578	0.038
1	20000	0.025
1	83416	0.012
1	80166	0.005

Price($)	Vol.	No.
0.045	15763	1
0.046	65663	2
0.048	54883	1
0.050	72686	8
0.053	100000	1

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