RE: Perhaps25 Nov 2023 12:13
Careful Badomen, you are almost posting reasonably
Just a couple of points of clarification.
Ofcourse more shares equal dilution. But the agreed price was at a premium at the time, so was a positive for Kod.
Yes KMUK is a JV. But it is also a wholly owned subsidiary of KOD, which is actually more important.
The November deal is exactly the deal agreed in January, with a couple of conditions waived with mitigation measures put in place. So I'd agree that the January deal was exceptional but not that there is anything much to worry about now.
I'm sure as part of warrantying the licence Kod will have taken out insurance for the exceptionally unlikely event that it doesn't transfer. Its just standard business practice