Ann: ECQ Exercises Opitons to Acquire Cynata Inc , page-37

re: Ann: ECQ Exercises Opitons to Acquire Cyn... My point is they can and that is what is says.
It wont happen in practice of course, but the fact that it is not a rights issue (ie in proportion to current holdings) you have no way of knowing how much (and I agree, if at all is a possibility) that your current holding will be diluted.
Why they haven't told us is just odd.
This nonsense of pick an amount you want to invest (subject to ability to scale back by underwriters) is not the way they should be conducting a raising. It sets up for short term traders and buggers up the share price, but it's all so vague and wishy-washy at the moment and I think another reason for the share price to languish.