Originally Posted by
mistaTea
I am still happy to own my share of the business, and do not mind providing additional funds. But even if I did mind, what choice would I have had?
If I did not participate, and remained on an average cost of $1.06 per share I would never have any hope of breaking even. In that scenario Sky would have to do exceedingly well and perfectly execute their business plans and then some to build to a market cap of ~1.8B just for me to break even.
So there really was no other choice anyway. Given there will be a number of people who do not participate, all I can hope is that I am able to get the full 120% I have applied for so that I can truly hold my current position.
Even if you just take 100% of your entitlement, you will still actually be diluted a little given the 'extra new shares' being issued as part of the Placement.