• I'd certainly feel a bit disappointed if my shares were diluted so soon after purchasing them especially as there is no reason to re-value the business other than the fact some people missed the boat.

    My hunch was not to take more investment (even at the same rate as previously issued and even by only diluting myself), and this seems to be the view of the lawyers who have far more experience than I. I chose this particular firm partly for this reason, they have enormous experience with many other early stage and seed stage companies so are can provide observation and experience based on that.

    Even with that in mind, no-one should ever feel disappointed in dilution providing that it increased the total value that your portion represents.

    Since last week there has been an arguable increase in value, that being the agreed transfer of assets and contracts from Buro 9. Unless you think that LFGSS is a zero-value asset.

    Not that it matters. My hunch was not to take more, that seems to be the view of those with experience, but you should worry more when I don't consider options being put forward to me.

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