Post 500 Million Dollar Dilution, here is how control will switch from Mudrick & Co control board to this new entity (who puts 500 million $ of equity).
Current shares: 59.9 Millions Mudrick & Co: 37.7 Millions
Mudrick: 63% of Hycroft ANV Shareholder: 17.5% of Hycroft
Post 500 Million dollar equity sale, let us assume we will get to 400 millions total shares (this is in low side)
Mudrick will become: 9.43% of Hycroft ANV Shareholder will still have: 17.5% of Hycroft
ANV share holder will become close to double the stake of Mudrick & Co.
Someone who is buying and got majority of HYMCZ holds the key to this bargain.