Looking fwd to your summary.On the total shares issued to date I...

Looking fwd to your summary.

On the total shares issued to date I have it at ~300M ordinary shares on issue after the recent 5mil cap raise - Add in the convertible note shares at the 4 cent conversion price and the options which are currently in the money and you are getting closer to ~450 M shares on issue give or take. Happy to be corrected if my maths is wrong.

To date CLB have needed regular raises to keep things ticking along and I still do not see when this will stop given the growth aspirations and desire to move into other areas which will undoubtedly require more money.

So even if they are able grow revenues the question is how many shares will they end up having on issue.

I still hold but want some clarity on how they are going to grow sustainably without further dilution — until then I see better opps elsewhere with less risk.