PCK 12.5% 3.6¢ painchek ltd

Ann: Annual Report to shareholders, page-48

  1. 1,671 Posts.
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    No, it doesn't mean dilution will be capped at those figures.

    It means if they want to issue more than that number of shares before the annual reset that they will need to get shareholder approval for it (at an AGM or EGM).

    Given they recently raised capital, and scaled it back (or limited the amount they raised) I am confident they won't be raising further funds in the near future (if ever).

    A capital raise is generally bad news for the share price.

    I am sure management have their strategy in order, given that there would seem to be so many positive announcements coming in the next few months (FDA approval, contracts etc etc).

    I just wish I had some spare money to buy more.
 
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