Don't rely on the words spoken by directors:
From announcement on 11/4/13
Prima has also called an extraordinary general meeting
(“EGM”) to request shareholder approval to, among other things, allow directors of the Company
to subscribe for additional New Shares from any shortfall in subscriptions under the SPP in an
amount beyond their SPP entitlement at the same terms as offered in the SPP, up to a maximum
aggregate amount of A$2 million worth of New Shares.
and now from todays ann.
An Appendix 3B, detailing the precise number of Shares to be issued under the SPP will be given to ASX after tomorrow's general meeting (EGM) where Shareholders are being asked to approve, among other things, the issue of up to $2 million (in aggregate) worth of Shares from the shortfall from the SPP to certain directors of the Company
It's gone from allow directors (implying All directors) to now detailing certain directors (without nominating)
Have some reneged or was it all hype?.
Credibility starts at the top... looking a bit shakey at the moment.
We all invested in this stock for either profit or altruistic(or both) reasons.
Never get complacent with those in charge of our funds. They've played games with funding from 1998 to now, and there will probably be a couple of more calls before 2016/17.
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spp complete and capital secured., page-12
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