111m New Shares - What Does This Mean?27 May 2025 16:39
Hi everyone,
I've been doing my reading on this company as well as keeping in touch with what's been going on at other places. But this company now seems like a gem to me.
Just a concern that I need clarifying please. Have I understood this correctly, that the company are going to issue 111,111,111 new shares into circulation? Will this not cause a huge dilution and dropping of the SP?
I'm sorry for my naivety with this. I thought I'd finally found a company that's fully funded for the next 12 months with exciting deals to be made in the near future, but I don't understand what it will mean for us once these new shares get put into circulation.
Thank you all in advance for helping me out with this. I feel once I understand this then I'm ready to invest.
Thank you again.