Issuing approx. 2billion new shares to fill up the feed bin to around $900k.
The only plan appears to be to paid off potential liquidation debt and to pay directors fees.
No stated plan to acquire or consider acquiring. Even a directors night at the casino would be tempting to consider at this stage.
Then they will halve listed shares back to around 1.5 billion shares.
What option does a shareholder have but to approve this ridiculous concept!
Ann: Underwriten Security Purchase Plan, page-2
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