"is somebody worried that when tranche 4 comes into effect there is going to be a 30% dilution?"
No, in fact there is not a dilution. We are giving away shares at around 25c per share and getting cash worth 35.5c per share.
That's a great deal for current shareholders and why this is a clear buy right now!
tranche 3 funding in time one now fully commit, page-14
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)