asx release out... at last

ASX release out, raising $3 Million by shares and issuing 17 Million shares @ 5.3 shares in consideration for something which is not stated. (subject to shareholder approval and prospectus being issued)

Means that a total of 75 Million on shares are going to be issued to Sony, which is now going to hold over 21% of shares on issue, and with the 20% odd holding which Sony has in MOL they will have the 2nd largest single stake in Reeltime. MOL holding will go down to about 44% if Sony does hold the 20% on MOL would mean that over all they would have about 30% of Reeltime directly and indirectly.

I would have thought that Sony being so heavily into Reeltime would be a good thing for investors.