Let me do the maths10 Aug 2018 13:16
$5.1m is around £4m
Divide that by 10pence
40m New shares
Which is around 14% perceived dilution
Assuming the share price rises back to 10pence, we see 28% upside to the current offer price
New shares held by the likes of our Chairman, Hanno, AFC, so all locked in
I can't see a negative here or any real dilution
TTP