Ann: Facility Agreement with SIO Partners LP, page-50

^ It's one of the most inequitable shareholder problems on the ASX with the listing and ongoing financing of many small caps - which rather than being listed with sufficient capital from the outset to fund likely operations, and rules similar to a venture capital business structure (which often have very fixed rules preventing the dilution of the % holding of the original founders) - instead they "float" way undercapitalised and if they don't return a profit in a suitable time frame, the ASX rules (partic Rule 7.1) allow them to continually return to the market and issue more and more stock outside the original founding shareholders (in an attempt to fund ongoing unprofitable business plans). All with the aim of "grabbing market share at all costs" using poorly implemented business models. Too many floated prospects on the ASX are IMO really just poorly executed venture capital ideas (without the deep pockets of proper venture capital sources or decent venture capital rules protecting the original backers) IMO!