RE: Lucy available for hire…..6 Mar 2025 08:35
Hi Lordmakelot. It’s not uncommon to see dilutions (issue of more shares, usually to institutions, often at a discount, or in our case recently at a premium which showed confidence) as a way to raise capital. The problem with dilutions as the name share suggests, is the reduction in existing shareholders ownership. However, I’m not duly concerned at present as this is still a nascent company. I’m just hoping that future development/cap ex will be funded from revenue.
I have a lot of faith in the board though, so again, I’m not concerned at this early stage.