While its annoying, I wouldn't worry about it. Once the merger goes thru he will be diluted. Will still be above 5% but not by much.
If they want to stick to their prod timetable, they will need to raise again pretty quickly. At that time he will be diluted again and will become a historical footnote.
Cdchi1
Ann: Further notices received under Section 249 of the Act, page-3
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