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emdyal

08/16/12 2:54 PM

#263816 RE: midtieroil #263813

The complaint is not the intricacies and details of how they are going to raise the money but what exactly are they going to do with it once they have it in their coffers and at their disposal ??
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tryoty

08/16/12 3:43 PM

#263818 RE: midtieroil #263813

I read it. My interpretation is that they will issue shares from time to time to fund projects. At the time of each offoring they may extend a Rights Offering to shareholders wishing to avoid dilution. That's my take on it.