surprise surprise increased offer, page-47

'I concede that there will be dilution at some stage for UCL holders but there will also be for MAK holders and a lot more than you are reckoning on. We know already how much MAK intend to raise over the next 6-12 months and it will introduce a dilution factor that is a multiple of the current market cap. '

MAK dilution will not be a multiple of its current marketcap. At the most double but I am hopeful that they will only raise the $15mill this time around they previously said they were aiming for and the other $70 or $80mill later on when the shareprice is much higher. This would possibly mean only a dilution of half or so. But absolute worst case scenario would be double.