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Thursday, May 13, 2010 10:52:30 PM
The company expects significant returns on any money raised and that will have the effect of increasing enterprise value and shareholder value hugely.
He said, "If the company was not growing and didn't have the growth opportunities that we have, then, there would be no need to raise money and, of course, it would have a diluting effect. But, I can tell you that some of the more sophisticated investors I talk to are only concerned about the use of funds and not a dilution effect. It is nonsense and shows a lack of understanding. If you have any faith in our ability to create value, you will understand this is a no-brainer"
To which I say, I have confidence the money raised will provide us the opportunity to expand our operations and pursue the many opportunities that is set out in the business plan. Mr Prior, I have faith!
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