Is 10% cr/dilution. In other words put out 10% of your Troy...

Is 10% cr/dilution. In other words put out 10% of your Troy worth or be squeezed out. Sucks if the shareholder can't afford it or opts out as they will just continue to be squeezed out. Is one of the functions of corporate behaviour, unfortunately for the shareholder - literally.

Example 1,000,000 existing Try shares
= 10.5 cents × 100,000 (10%) is $10,500.
Hand it over or be squeezed out.

The BOD if not participating invites the question;
What are they thinking?
They know BOD participation provides confidence whether it be purposefully for that reason.
The BOD has it's remuneration, which is not adjusted for poor performance etc), voted up by shareholders.
The cr etc funds are supplied by shareholders.

Interesting to see what they are thinking?


Go Gold