They would issue 10m shares to raise cap ex funds by $25M and get a 40% return, or $10M
that's the same as what I said. Raising $25m by issuing 10m shares means shares must be issued at pps= $2.5 or a p/e=2.5 in order to be accretive. But doesnt that refute Ecuador's math that shows dilution is accretive at p/e=1 ? That would require a 100% return which is way too high, wouldn't it? Even their most profitable segment has "only" a return of 40% as indicated in my post.
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