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Let me paint a possible scenario...post consolidation there are 135m shares left in BMR with no preemption rights and AB has the option to issue up to 500m new shares...now MTR invests £175k into new shares picks up c.10% of the new company...then we start to see progress and assets revalued...whatever value you had here will in time dilute by 80% as the 500m shares get taken up
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