EMP 19.1% 2.5¢ emperor energy limited

Based on the first trache, looks like after 2 years to go, there...

  1. 1,881 Posts.
    Based on the first trache, looks like after 2 years to go, there will be 1.3billion shares and dilution of 50% at best.
    So no idea how management came out with the Lind scheme designed to minimize dilution. Issuance monthly of at least 50k at 91.5% of 3 days vwap 'selected by Lind' - I've tried to be pro-management, but if all I have are hopes and promises, that is pretty thin ice to skate on.
    One of the reasons I got into OBL was related to the small script size. Even that benefit is slipping away.
    Either would have to be a marvelous farmin coming or a bid to take out the company sooner than later before the dilution sets in. Not sure how any of the money will expand the business, since at this rate it will all be eaten up by admin costs. I.e. everyone gets paid as they were, at the expense of holder worth.
 
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