Geoff Cummings response today 7th Oct, page-45

They don't need cash that is a given for now.

If the posts about Ferghana are true then they might do a scrip bid for something - I hve no problem with this I just believe that a company should be forced to come to shareholders if they want to dilute more than the 25% provisions provide regardless of whether the acquisition is value accretive.

The 10% extra is mostly going to be used for companies in trouble ie their SP is so low that they end up needing to dilute by 35% just to raise enough cash to keep going - clearly not ADOs problem.