I see it the same way! It depends and remains to be seen at what price the shares will be Equity-related financing, including strategic equity investors for approx. US$8m will be spent, if at the same time dilution for existing shareholders is to be minimized, according to Paul.
This would mean that around a maximum of A$12m shares could be issued.
Examples:
1) At 10c = approx. 120m shares and therefore approx. as many as AO-Zhong currently holds.
2) At 40-45c = approx. 27-30m shares and thus the price that AO-Zhong paid for today's 118m shares.
3) The middle between the two approx. 25-27.5c = approx. 43-48m shares
After all these years, why should the existing shareholders reading and writing here let anyone spoil their investment, including the shares that are currently being offered at ridiculous prices?
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