Originally Posted by
petty
I understand some commentary here regarding share dilution and being sidelined as a retailed investor. It’s a bummer. With that in mind, I hold the view that this was not a ‘capital raise’ in its pure form. This was about on boarding ‘smart money’. How smart or strategic this money will be is going to be interesting but I thinks it’s a great move. The reason I don’t think it’s purely about capital is I think with the price of money and capital available domestically I think they could have raised that amount easily at .50c or at least mid 40’s from the domestic market.
instead I think this is about ‘networks’ and ‘’know how’ within the European market.
Psyched about the update.