Is Additional Cap Raising for US Exchange?

  1. 2,156 Posts.
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    Just a quick question regarding the Resolution for additional Cap Raising to total 25%

    Previously it was mentioned that one of the reasons BOD chose LWP was because it was also available on the US Stock Exchange.
    Would it be that they would want a nice chunk raised to US Investors, to basically populate that exchange?

    Additionally I recently read that you need to have a minimum MCap of like $200m to be able to list there... so if we diluted an additional 25%, and got to a price of 4c... that would just about do it wouldn't it?

    Yeah I understand what everyone is saying about what the money will be used for etc... But I was just wondering if there was also another reason for it.

    Everyone's thoughts (good or bad) would be appreciated.
 
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