No that's not what it means. The CR at 11 cents is done and dusted regardless of what you vote.
Voting 'Yes' means that you are giving the company permission to dilute you up to 25% of the shares on issue at an undisclosed price and to undisclosed investors whenever they please.
Don't be a sucker, make sure to vote 'NO'. That way as a shareholder you have some say over how diluted you get and at what price new investors can come in. Management didn't give any opportunity for current shareholders to participate in the last CR, this is poor form and you shouldn't give them the opportunity to do it again.
Lastly, they have a ridiculous amount of cash. Why give them power to raise more without any shareholder say on the matter?
Don't be another ASX lazy shareholder who gets taken for a ride by management. Vote 'NO.
No that's not what it means. The CR at 11 cents is done and...
Add to My Watchlist
What is My Watchlist?
