"The shares issued shall be non-dilutionary in quantity with a top up provision whereby the company will issue further shares to the vendors on completion of the first tranche of a proposed Capital raising to maintain said proportion of shares issued. Thereafter the vendors will dilute in proportion to any further capital raising."
It looks dilution may happen very gradually in tranches, possibly when certain milestones are met. No details have been released although as I've mentioned before, a rights isues has been mooted - underwritten too.
Hamilton is the key. He has just made a move on EDM & MDA as well. The capital venturists are back.
AEX Price at posting:
2.0¢ Sentiment: ST Buy Disclosure: Held
