RE: ebygum29 Aug 2020 13:19
The risk of dilution hangs like a spectre over this share - unless, and until, the BoD can find partners who can part-fund either LC or Red, or both: for example, if one is found for LC, then the overall dilutive risk for SML considerably decreases, perhaps benefitting SML with more-favourable terms for advancing big Red with another partner.