thoughts on the bottom?, page-5

Hey GS,

Just having a look at the figures now.
Was 238mil (give or take) on issue prior.
34.2mil to be released tomorrow.
Equals new amount on issue @272mil.(as of tomorrow)

This is around 14% more shares on issue.
SEA were trading at around .59 prior to CR

I don't know if this is correct, but wouldn't diluting shares on issue by 14%, correspond with an SP value drop of 14% to equal out? (Please correct this thinking if wrong)
Anyhow, that is how i come up with 52-3c/share.

I understand the CR was to accelerate growth etc...and as such could be considered value adding.
But surely the dilution will have an effect.

Will watch closely tomorrow. If it hits my price target will top up. If not, am already sitting on some nice profits, and if it is going up, why fight it.

Cheers