agm, page-3

I only had a quick look, but I think they basically wanted to get up to 2 share subscription offers by investors (as yet unknown) logged as agenda items for the AGM.

If they are raising money that needs shareholder approval, it makes sense to do it at the AGM otherwise a separate vote would need to be setup and that would cost quite a bit of money. Not good if you are trying to preserve funds.

Downside - more dilution. Upside - raise working captital for Biodiesel production as outlined in the Annual report and possible step change in the valuation of NFL.

80% of 5 day average - That's upto 20% discount. If the 2.5M share sale at 5c doesn't get cleared by then, we are looking at someone getting a large parcel at 4cs.

Could someone please take out the 2.5M line. Thanks :)

There will be a more details in an ASX announcement out in the lead up to the AGM.

FYI - Palm Oil futures less than RM1400 the other day.