The Float
posted on
Feb 15, 2014 05:39PM
Multi-Billion Dollar Agreement Signed With Oman
Noticed a lot of good comments regarding the need for a much larger float before the big boys get interested. Keep in mind, the company could also issue additional warrants and/or rights for existing shareholders to purchase more shares directly from the company at a discount ... they've already done it once. They raise more money, we maintain our respective ownership shares with no dilution (to the extent we excercise said shares), and the float gradually grows.
And I'm not sure how soon they'll need to make themselves attractive to institutional investors. It will be interesting to see how this all plays out.