The below shows what TLG looked like in February 2023 - share price of $1.69, with 334 million listed shares.
Since then, there was
Capital raise later that month (February 2023) at $1.55
Capital raise in November 2023 at $1.00
Most recent capital raise in August 2024 at $0.38
Shares on offer (including dilution) of Loyalty Option is 489.3 million (refer to second excerpt)
In 17 months Talga have diluted shareholders by 46%, and the share price (unsurprisingly) has dropped 72% from $1.69 to $0.47
In context, this has happened concurrent with the 12 month wait for outcome from the Supreme Court, which Talga have said they cannot put any timeframe on (as its a process within the Court)
12 month delay for a process that Swedish Court website (refer to my prior post for the link or Google it) says generally takes 2 weeks
I hope the SC decision occurs within the next 12 months, as scary to extrapolate the dilution and share price trend forward if an outcome is not forthcoming
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