mind trick, page-6

One problem with that statement brenden is what happens when the share price doesn't reflect the true value of the company.

If the shares are 6c but the company has an inherent value of say 18c, then a 30 mil dilution needs to be linked to a >30mil acquisition just for the current holders to 'break even' (depending on the amount of share dilution, etc.)

In other words, the 'undervaluedness' of the current shares (together with the future potential for increases in share price) is now spread over more shares, so a 'cheap' acquisition may no longer be enough to make up for the extra dilution