Dillution is slightly better if you include the shares in Audeo that ACL will hold ( has exchanged for debt) so for each 37 shares you hold within ACL you also hold a Audeo share.
That will be interesting as if Audeo don't raise the full amount and need to get more cash the simplest way is to borrow from ACL who should have income and cash in the bank. Next is if they do a issue in the USA and ACL participate then we have even more Fonda ( was to be paid out as a div remember ha ha) going to Audeo for oncology.
I was very wary of the acceptance of shares by ACL for loans to Audeo and with Audeo the ongoing cash requiremants depending on markets are large if they really want to get moving. Of course they could accept ( finally) some form of partnership for depvelopment in many areas as they have both platforms to get moving with.
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