This morning, a Yahoo Conversations user named apl
Post# of 148172
Quote:
When it comes time to do a capital raise, I would be very much in favor of a Rights Offering, where the additional shares offered are made available exclusively to existing shareholders. This way, existing shareholders do not get diluted, and given the conviction of most of us, I suspect you would be able to raise $100-$150M with relative ease, just from your existing shareholders. This amounts to less than 10% of an additional investment per shareholder, and for those wishing to buy more, provide them the option to oversubscribe beyond their fair share. I've seen this done successfully by multiple firms, and given the path you're on, would likely result in a share price rise once announced that you were taking this approach. Then, once your share price rises further into mid double digits, create an ATM facility enabling you to sell shares at market price whenever funding is required.
Then he wrote:
Quote:
NP is hands on. Already got a response. "...Thank you, ****** for this great suggestion. I will for sure speak about this to our CFO today..."