So if the company was trading at say a $20m market cap at say 20c, by adding 410m shares, it would take it to an $80m market cap company so in effect the share price would be worth about 5c to make up for all the extra shares.
Is this right? It seems like a lot of stock to put onto the market all at once.
rsl is an oil company with big leases in texas, page-11
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