anyone correct me if im wrong, but i believe the a/s is going to be increasing to 300,000,000 when the merger is complete.
i believe they key resides in not just a/s, as you should always look at the o/s as well. if a/s is much larger, then o/s, the a/s could be used to dilute the share price(same company, same total intrinsic value yet more shares oustanding) like in a penny stock scam. if the company is looking to raise more funds, it could also increase the o/s.
if i remember correctly from the DD, some of the new a/s will be towards Rudana and Seawind.
most companies maintain a set a mount of a/s in the holster should it be needed at a later time. i believe there is also a reason related to hostile takeovers, but that shouldn't come into play here.
however, since we have a solid stock here, and the fact theyve been able to secure 50 mill in financing before the merger is even complete, i dont think it will be an issue.
They will raise the A/S to 300 million. Already said so. It remains to be seen though, how many of those will be used in the "acquisition" of Seawind. Very unlikely they will issue all of those. When more shares are issued it will increase the O/S count but revenues and contracts, etc. will come along with that so it'll be a positive step. The float will probably remain @~12 million.