Not sure I understand your logic.
My concern is that Beach can issue as may shares as they want as they are in control.
there are currently 465K shares on issue.
say Beach get to 85%
Why cant beach issue another 200K shares and buy them all up themself, ( always hear sold to sophisticated investors ) they get control of the new shares and then get over the magical 90% hold and get to acquire the rest.
thoughts on dilution and raising money, page-2
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