Forum Archive Index - January 2000

["ritchie marr" <ritchie_marr@hotmail.com>]

>
>AQL announced today that it has issured a further 5 m ordinary shares 
>@0.18cps. So far it has raised nearly $2 m cash in two weeks through 
>private placements. AQL has cearly stated it has not debt and the deal with 
>Bliss is about to complete. Watch closely as something is going to happen 
>soon!


Doesn't all these new issues devalue through dilution the value of the rest 
of the shares on issue.

And how come a company can just issue shares like that without the consent 
of the other shareholders.

Surely these share issues are for something that should be of significance 
to the value of the shares in accordance to the securities commission 
rulings, and therefore announcements should have been made public prior to 
the these new issues.

Any thoughts?

(AQl shareholder going blue in the face from holding breath too long.)

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