Correct and it's worse than a CR .... particularly a renounceable rights CR, as a private placement raises outside the existing shareholder base and is therefore by definition, 100% definitely, dilutional.
It staggers me how investors do not appreciate why the destructive nature of dilutional "outside" placements/raisings (call them what you like!!! ) have a downward pressure on the SP...
More shares ie denominator (with no foreseeable profit..."future" EPS numerator ) = a lower future EPS..... therefore SP!!! It's simple maths!
IMO!
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15 | 96468 | 1.065 |
12 | 43818 | 1.060 |
5 | 27168 | 1.055 |
3 | 24425 | 1.050 |
Price($) | Vol. | No. |
---|---|---|
1.075 | 38055 | 9 |
1.080 | 71338 | 16 |
1.085 | 115399 | 16 |
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