RE: GSA13 Jul 2024 11:22
It's simple maths.
Say the amount we need to pay is £2,000,000
We pay in cash - cash that was raised in the 50p raise. This represents 4,000,000 of the shares raised (4m*50p) Simples.
We pay in shares at, say 80p. this represents 2,500,000 shares to cover the £2m at 80p. Simples.
IF there is new cash in the coffers, (sale of DX, or other deal) then use cash.
If not, then we have diluted at 50p and then taken that cash to pay double for an expense we didn't raise the cash for! Madness.