RE:Placement suggests no deal and low ROFR instalment MWM..a few days ago, I would have 100% agreed wih you.
I think the PP is a reward for long time supporters. Fair enough for me. The lid comes off the share price this week after the pp is filled over the weekend. Then, the stock is supported with a NR and the price rises and all outstanding warrants and options get exercised and into the market. Basically all Sirona shares become free trading. The substantial equity position by the CNY company is taken from the market - up to 10% of the float. (rules apply for over 10% ownership of the float then the buyer falls under new rules). Lets say fully diluted would be 20-25 million shares woul be taken up and out of the market by CNY company.
With the new money and things look real good for the stock long term, it might be a good time for Howie ( might help the share price long term) could consider a share buyback.
Any way...just a pipe dream. We need to be diligent about the AGM and be prepared to proxy vote down any resolutions against shareholder value.
Signed: Vancouverpig