I'm concerned about 2 things; 1) Dilution 2) There was no details on Medivet financials, what type of revenue it has, how much profit it will provide to MLA...nothing...just management speak...synergies, complementary..etc.
$5 million cash they don't have and the investors they get in will want a discount on the current shareprice...so 1c a share. 500 million shares for the capital raising and 500 million ? escrowed.
1.5 billion or so shares on issue.
DYOR
MLA Price at posting:
12.0¢ Sentiment: None Disclosure: Held