Btw it's not correct to say Strandline are getting anything for...

Btw it's not correct to say Strandline are getting anything for free. If I have implied that I was wrong to do so.

GUN's announcement today states that at the completion of the transaction and both placements if fully subscribed, the ownership of GUN will break up as follows:

Strandline Shareholders 24.7%
Current Gunson shareholders 53.5%
Participants in Private Placement 21.8% Total 100.0%

That means that Strandline are giving up 74.3% of their assets. There may be a debate about whether that's a fully balanced transaction but they aren't getting anything from GUN for free.

The balance of dilution goes to private placement participants. Some, if not all of this 21.8%, would occur anyway over the next 12 months and desirably would have occurred at the 1.7 cents raising earlier this year. Thus, in reality the dilution to Strandline shareholders is 24.7% which seems reasonable.