I think the capital raising will be directed at institutional investors if it happens which I strongly believe it will.
How do you think this will affect or benefit the company?
Positives:
- I see the obvious, bringing in more money to help build more rigs and pay salaries.
- A big investor or 2 will also help secure the company, reduce the chance of takeover and move it towards blue chip status.
- Increase exposure.
Negatives:
- The shareprice will go down, hopefully only short term.
- It will raise the market cap, baised on more shares rather than the share price going up. Bummer for us.
- The money needs to be used positively and not wasted.
Warren will reduce his ownership percentage in the company. More a statement than Positive or Negative.
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