MC of $35 million, It plans to raise $20,956,864 from the issue...

MC of $35 million, It plans to raise $20,956,864 from the issue of approximately 299,383,764 shares. Thats approximately about 60% of its Market Cap. Who in their right right mind would pay this sort of money to be diluted this badly.

On my calculations, and please correct me if I'm wrong. There's already about 500 million shares, they want to add another 300 million. So if the market cap was to stay the same, NBS shares should be worth 4.3 cents after the raising. Enough Said