Just in response to your opinion on distributing shares on a non-preemptive basis.
Considering the current platform is a "matched bargain" system, with no "fair value" understanding...It's a buyers market.
I see no reason why club1872 can't continue to look to the secondary market, as evidenced recently with the purchase of circa 1m shares at 0.27p from an unknown buyer.
In regards to the "well runs dry" metaphor!
There are others means of settling credit on a non-preemptive basis...for example. Non-cash consideration voting rights.
Standard Security/with no accrued interest, To name a couple.
Club1872's interests aren't for that of investors. That's not the case with the Plc. We must protect the small-shareholders whom we might need in the near future.
In terms of explaining "dilution..." I alluded to this in my Hustings presentation. If club1872 own 6% of RIFC Plc, and the Plc place 1m shares to New Oasis Asset Ltd. The share capital of the Plc has increased, ergo club1872 would now own circa 5% of a company which has 84m issued shares, where it was previously had 83m/6% .
"Clawback" may be applicable and offer certain protection to other shareholders from dilution..."medium term." But that requires a Share Issue, which maybe years away.
We also need a negotiating tool! We can't simply support a Plc with votes that can hinder our aims and objectives. It must be a bilateral arrangement. To this date, that hasn't been the case.
100% agree with your last point.