Why does dilution matter. If you do not participate in the capital raise you will just have a smaller slice of a bigger pie
No, the pie - ie the company's assets - remains the same size, unless the new capital is used to grow it. Just that non-participants are left with a smaller slice.
No, the pie - ie the company's assets - remains the same size, unless the new capital is used to grow it. Just that non-participants are left with a smaller slice.
Of course the new capital is being used to grow the company. Dundonnell will increase the size of Tilt by about 50%.
Not many sellers right now. Just 1875 shares for sale at $2.40, then 2100 at $2.50 and then a big step to $2.79 where 50,000 are offered.
I'm not sure if this is very significant.
But I think the JV will have trouble getting their 90% of TLT now. Not at $2.30, anyway.
Not many sellers right now. Just 1875 shares for sale at $2.40, then 2100 at $2.50 and then a big step to $2.79 where 50,000 are offered.
I'm not sure if this is very significant.
But I think the JV will have trouble getting their 90% of TLT now. Not at $2.30, anyway.
Probably holding out to potentially use the creep provisions, they can purchase 5%pa I think..
Will be interesting to see what TLT trades at once the offer expires.
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