1) The prospectus of the current offer shows in the last 6...

1) The prospectus of the current offer shows in the last 6 months, over $2.1M was spent on legal fees.

2) People keeping pulling out this wishlist of diluting away the circa 40% of Bullzeye holders.

In the EMR quarterly report, they stated that the last $6.2M raise resulted in an increase in the Bullzeye holding from 59.32 to 59.44%, a 0.12% rise. If that level of dilution continues, to get EMR to 75% ownership would require a total raise of approx $780M

The prospectus for the current offer confirms that if no one but emerald took up the offer, their holding would increase by 1.11%, so for EMR to get to 75% holding on the basis that not a single other Bullzeye shareholder took up any entitlement ever, would require EMR to put in circa $100M.

Will EMR increase their holding a bit via fund raising dilution, that's likely, will EMR increase their holding by dilution to the 75% level, that's unlikely. IMO, anyone that didn't take up the EMR offer to buy their shares are in it for the long haul.