They can issue as many shares as they want as long as the increase is directly proportional to an increase in earnings per share, otherwise long term shareholders will loose out.
The good thing at the moment (Until we see what they are spending the money on it is not good as it is earnings per share negative) is the private equity group may launch a T/Over bid if the share price languishes bellow 25c.
Regards.
BDL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
