Private Placement >>Here we go again 8.29 million share at a price of 20 cents NFT and 25 cents FT..This substantially increases the number of issue shares resulting in about a 28% dilution..
More importantly its a PP so only known friends/business associates had participated..So what about the existing shareholders, they got ignored as they did not have an opportunity to participate in the PP.. Why wasnt a brokered placement or an rights offering done ?? This would have given existing shareholders an option..
Good Luck to All the new PP shareholders..