buy buy trinadad??, page-10

I agree existing holders will be heavily diluted. Disagree that we will still have 20% between us. I think 10% is closer to the mark.

Also agree their will be a huge consolidation. Possibly 100:1 as you say. And that will hurt, because shares tend to head lower after consolidations.

Obviously your numbers were an example only, but 50c is obviously unrealistic. 100:1 = 30-40c

So any new investor would buy in at that range at best, but most likely at a discount.

The Fury stake will be nothing in comparisson to Trindad. The new holders aren't required to pay a premium for it or for saving existing holders.

The best we can hope or is some level of participation in a discounted issue. Considering the amount required, I think we will get that opportunity. Maybe a rights issue, fully underwritten by some big new cornerstone investors.

The better option may still be to buy a much smaller stake IMO.