Hi peaceAKKII think this is a positive move, even though it...

Hi peaceAKKI
I think this is a positive move, even though it means a bit of dilution in shareholdings.
***It creates another significant top 20 shareholder (who will be interested only in the long term, so SP wont be hammered down as opposed to consequences of a rights issue). So adds value to SP.
*** also this adds security incase of aggresive takeover attempt by large corporates.(i.e to have control over the % voting rights)
***Finance is mainly for Equipment/product upgrade. Obviously, the new investors have been impressed with the strategic plans in place, and are convinced with the financial returns on thier investment.(not just differences in SP v/s offer price).
***IMHO, PYC cannot give out any more details at the moment, as the potential new agreements have not yet been finalised in black and white.

IMHO there is a lot to read in between the lines. Time will tell, but a very positive move from my point if view as a long term investor.