MOG 0.00% 0.5¢ moby oil & gas ltd

Are people forgetting that MOG will have to issue 120mill...

  1. 1,573 Posts.
    Are people forgetting that MOG will have to issue 120mill shares, thus diluting the current holders to less than 40% of the 15% of Artemis. Also further cap raising will dilute them even further.

    Something that I think was overlooked by many who overpaid for their shares.

    Also they are not in the same position as MEO as MOG doesn't have the priveledge that MEO has and will need to come up with a lot of $$$$ to reach the ultimate prize. Dilution should be considered by any investing here.

 
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