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14:46
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Originally posted by Soothsayer
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Material as a general rule of thumb means the affect is greater than 5%. IMO the affect will be of the nature that further dilutes shareholding dramatically. However in the context of funding for a 'near production' project this is not bad news for medium term to Long Term holders. The alternative form of funding would have to be an arrangement for finance and or partnership but that was never going to happen IMO. Unless the share placement excludes ordinary shareholders this means the shareholders take the risk as per usual.dont want options to be exercised if it can be helped. The use of a business projection along with market analyst's can easily predict if oppies will expire in the time span due to ongoing CR's and dilution on the lead to potential revenue... just my opinion, but is way too common.
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If we were really lucky, then a big player may put the money up, but I would say this isn't going to happen due to the nature of the to the lead up of this CR trying to encourage the market... if shareholders do get the chance to take part of the CR then time will lapse and it will not get 100% subscribed, then the sophs or alike till take the shortfall and a further discount...
