SMM 20.0% 0.4¢ somerset minerals limited

knowledge, page-13

  1. 2,944 Posts.
    "Issue of shares by IBR to raise funds. TMR provides the funds taking it over 90% without getting the insto shares. I am doubtful that is scenario is legal. Something about protecting the minority share holders. If not, then the minority shareholders would be required to cough up their part of the capital raising."
    Exactly the minority holders will be required to cough up lots of dole to stop themselves from getting diluted. May take a year or two, so what in the bigger scheme of things. Passion without a cause!
 
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