RE: Great news, an II has just invested $10.5m at 22.5p18 Aug 2020 11:45
Morning All,
This morning at 07:59 I posted up a post that contained this line:-
'At a minimal dilution of only 1.23% to each and 'EVERY' shareholder, including the BOD'
As no one has commented let me explain further...
Dmitry Suschov holds 456,989,458 shares, and at 22.5p, which equates to a value of - £102,822,628.05 - which means at 1.23% dilution, it has cost 'HIM' personally £1,264,718.32 to allow for the printing of new shares to allow the institutions to buy-in.
Christian Schaffalitzky holds 84,509,517 shares, and at 22.5p, which equates to a value of - £19,014,641.32 - which means at 1.23% dilution, it has cost 'HIM' personally £233,880.08 to allow for the printing of new shares to allow the institutions to buy-in.
So, as stated, EVERY current investor will be hit, but the BOD will be hit the most... now think hard and ask yourself -
WHY would they do that?
They MUST want institutional investors on board, and we can only assume shares to then be in sticky hands going forward.
I really love the directors of this little old company that is growing bigger by the day, they all play their part and take an equal hit to private investors with NO troughing at the table like most AIM companies...