In the end, not very imaginative.
The promised solution to BOTAs liquidity problem is to issue up to 75 million dollars worth of new shares (or warrants, or any other form of security).
At today's prices that's nearly 19 million new shares. Pretty big chunk.
The release to Nasdaq late yesterday outlines the company's plans. All that remains is how much, to whom, and at what price.
The invitation to share in BOTAs future growth, should it ever arrive, is never ending. If BOTA is true to form, the terms struck with the institutions will be to the disadvantage of current and small holders. It only remains to be seen how low the price will be.
Again, you will be able to judge the performance of the current independent non-executive Board members based on this deal. But remember that they don't face a vote.
The most abrasive part of this is that of all the reassurances delivered during the process of moving to Nasdaq, the loudest was that BOTA would be cashed up, and wouldn't need to capital raise. This dilution comes to a still pre-reconstruction battered share price.
Carpetbaggers will return to Georgia.
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