Eros Media World PLC (EMWP)

[naturalborninvestor]

OK, here is the real deal breaker

Prospectus

On September 23, 2019, 94,885,614 A ordinary shares and 15,256,925 B ordinary shares were issued and outstanding.

Prospectus - as of March 31 2019

A ordinary shares, at par value of GBP 0.30 per share; authorized share capital of 141,787,285 and issued share capital of 67,291,738

So, company has issued 27,593,876 shares since March 31 2019, before this new offering!, while touting a $20 million share buyback, a strong financial position, growing business and a $144 million cash balance.

This offering will add another approximately 10 million shares, so in the past 6 months they have raised approx. (27m* $2.50) + $25m) = $92.5 million.