S & J Dilution Dilution of equity percentage was the exact reason Simmer and Jack dumped FIU. SJ held about 33% but they found they couldn't control FIU mgmt who did further financings and diluted SJ % to about 25% ish.
Can Anglo remotely control FIU mgmt with only a 19% ownership? Probably not...an Anglo buyout is more likely than a loan. Why would I loan $140M when for a few bucks more I can own?