Nippon Suisan Kaisha : Acquisition of Capital in Seafarms Group Ltd., page-45

There is nothing negative about this development. To make PSD happen, they either need a massive capital raise, or massive bank loan. The latter won’t happen without the former. The only way to protect existing shareholders is for the capital raise to occur at the maximum possible share price. Raising $25 million at nearly double last weeks share price Is an amazing achievement. It also puts something of a floor under further capital raisings, I doubt the new Nissui board member will be voting the next tranch of shares be priced at 6 cents! They will buy more again if they need to.