But this is what we were referring too ... The company got the room to make $100m capital increase by creating new shares. It used $20m already in 1Q23, and now it used $17,5m.
This means only $37,5m of the total $100m is used up... So I would expect further shares to be coming to market (i.e. diluting existing shareholders). Not a good time to own the stock ...
Unfortunate for those that pulled the trigger before latest raise. Do you think these keep coming (given 100 shelf) ?
Hi Paddy, indeed very unfortunate
But this is what we were referring too ... The company got the room to make $100m capital increase by creating new shares. It used $20m already in 1Q23, and now it used $17,5m.
This means only $37,5m of the total $100m is used up... So I would expect further shares to be coming to market (i.e. diluting existing shareholders). Not a good time to own the stock ...
Also, it seems they were carefull not to load the boat too heavy (this & last time)
Placing the secondary just large enough to keep the stock around $4
If they would place all $100m at once, there would be no demand for the stock left :-)