Ann: Emerge Completes Placement to underpin ArcadeX Launch, page-40

The above announcement has 2 key bits of info. IMO:
(a) that the platform will be launched within weeks
(b) that EM1 has the benefit of being a "first mover"

We simply have to accept that the CR has happened and moved on. Out of potentially 700 mil shares before the CR , it adds less than 100 mil;
far from a significant dilution, IMO.

For example let us assume that EM1 has a NPAT of $20 mil:

700 mil shares (pre CR) would pan out at 20/700 X 10P/E or 28.5c/share
800 mil shares (post CR) would pan out at 20/800 X 10 P/E or 25c/share.

The big variable here is potential NPAT. If this gig is a goer then the 100 mil extra shares will be peanuts in the global scheme of things (IMO)