Ann: Placement and Share Purchase Plan, page-51

From a submission I have made to another organisation...

I allege that:
1) The company's statement on 22-Jul-2020 was deceptive and misleading.
2) The company had a duty to disclose a need for additional capital on 28-Jul-2020 and failed to do so.
3) The reasons stated for raising capital were all foreseeable at the time the earlier announcements were made.
4) The reasons stated for raising capital are insufficient to justify a capital raising, and the directors are acting against the interests of shareholders by conducting it.
5) The structure of the capital raising represents an unethical, opportunistic transfer of ownership to privately selected parties at an unconscionable discount to the market price, and the directors are active against the interests of shareholders by structuring the capital raising in this way.
6) The directors and privately selected parties are colluding to unethically and opportunistically use pandemic-response rule changes designed to assist companies facing genuine difficulties to enrich themselves at the expense of general shareholders.
7) Shareholders have suffered material losses by acting in reliance upon the statements made by the company, which have subsequently proven to be false.