There will most likely be an IPO of shares offerred in conjunction with the FN listing. Right now, I would guess something like 20 million shares priced at $.5o or the equivalent amount of Euros. That is why the current price seems to be hovering around $.50 cents. The bet among the MM's is that they shouldn't pay up for shares now when it seems a safe bet that the price will be set in Europe in a few months.
At least the IPO dilution will take care of the financing shares needed for next year, and further dilution won't be necessary.
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