you are right, i dont know australian business culture.
Nevertheless wee should see it in a global context as they adress a global market.
But is the dilution caused by managment mistakes ?
I doubt that they would have refused binding contracts if they were offered.
the dilution is completely normal for a company that is in developmentphase. My other microcap investments have similar levels of dilution. That is something you have to be aware of. Its not ndifferent in vc companys. The only difference is we can participate in the early phase.
you are right, i dont know australian business...
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