So it sounds like they would have to issue 30 million shares for the private placement and then they would have to issue themselves more shares to maintain control of the company. Why would that do this when their stock price is at 2 times earnings versus doing a deal back when it was 10 times earnings. Or even wait for the stock to move. That way they could issue 3 million shares and be done. If they do what your suggesting, this is doing to be heavy dilution.
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