We can't vote it down or complain if its at 80% of VWAP and the issue is less than 15% of shares on issue OR less than the $10mil line of equity.
A new acquisition should be value adding anyway.
Any diversification (combined with dilution) may result in the top end valuations being lowered, but it could also benefit in the event FP is only an ok result.
Also VIL will appeal to a greater range of investors that arent currently willing to risk all on FP only.
VIL Price at posting:
2.8¢ Sentiment: None Disclosure: Held