"ESI are currently engaging with Monash for $4 mill in funding. For that Monash will get 300,000,000 ESI shares at 1.3c not escrowed and 300,000,000 ESIO options for nil consideration.
So ESI are asking SH's to dilute their SHolding to the tune of $9.3 million (300 mill x 2c + 300 mill x 1.1c) for $4 mill cash".
Guess which direction this will send the sp in when this is announced??? glug, glug, glug, imo.
"What will happen when they need to raise the $100 mill as advised...? again, glug, glug, glug.
Who's best interests are being addressed? Management's or SH's? It will be hard to keep the sp above 1c with so many extra shares imo.
"ESI are currently engaging with Monash for $4 mill in funding....
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