You will find that Dom is incredibly motivated to avoid dilution at all costs. He owns 35.11M shares, or 41.2% of currently issued capital. It's very comforting to know a CEO is looking at funding with shareholders interests squarely in mind. He has many times stated his preference is for debt and convertible notes over a capital raising. I suspect the conversion price would be at the election of CM8, and would be issued at some form of discount to the VWAP before conversion, rather than based on today's shareprice.
A bit misleading to state that a 'rather large CR is soon to be done'. When you're acquiring a profitable business you have vastly more funding options available to you over those acquiring loss making businesses, which debt funders would be fairly reluctant to lend against.
Not too long until we find out!
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