unfortunately there is a substantial dilution issue that the...

unfortunately there is a substantial dilution issue that the market has to contend with ..which in my view will limit any decent gains for some time
As from next week the shares on issue will increase by approx 150% (although not as bad as first anticipated due to the RI shortfall)
to approx 1.47B..including an additional "free float" or tradeable amount of some 12.5m shares..
Now if the SP remains at say 1.6c the market cap will increase from $9.5m and become....approx $23.5m....at 2c it will become $29.5m etc
are these Market Caps justified in the current circunstances?..only time will tell as something has to give...