Safeplus International Holdings Ltd. (ACAI)

[sunspotter]

Just to clarify.

The current float is a shade under 175 million. An authorised float of 800 million represents dilution of 357%.

Another way of expressing this is that if the fair value of a Biophan share is 1.5 cents today, if all these extra shares are issued, it should be worth 0.32 cents, or less than half a cent, all other things being equal.

The increase in float over the past few months has shown that Biophan is not afraid to use its authorised shares, even though it's a cruel and unusual punishment to inflict upon its long suffering shareholders.

And again, with all that Medtronic money, I fail to see why they should need to dilute - or MegaDilute, more accurately.

Unless they positively want to feed their pet rat to make him or her big, sleek and glossy of course. But why should they want to do that, I wonder?