it's just the beginning for Cirralto!, page-9849

1. 
   IMO
   
   Read the entire announcement RED flags everywhere IMO - price in capitulation mode since
   
   
   From ASX Share price query announcement on 26th February 2021 ASX compliance
   
   The Company entered into a Corporate Advisory Mandate with Kaai Capital on 14 January 2021 for a term of six months. Under this Mandate, the Company agreed to pay Kaai Capital a fee of $5,000 per month and issue Kaai Capital or its nominees 10 million listed options (ASX:CROO) if the Company’s 10 day VWAP reached 7c, and an additional 10 million options (ASX:CROO) if the Company’s 10 day VWAP reached 9c. This mandate was not announced by the Company at the time it was entered into on the basis the Board does not consider the Company’s entry into this mandate to be information which a reasonable person would expect to have a material effect on the price or value of the Company’s shares, having regard to the fact the cash consideration payable is not significant and the number of options to be issued represented only 1.17% of the Company’s issued share capital (on a undiluted basis) and were only issuable subject to the satisfaction of performance hurdles. As the hurdles have now been met, the Board approved the issue of the options at a Board meeting held on Sunday 21 February 2021 and the Company released an Appendix 3B on Monday 22 February 2021 before the opening of trade to advise the market of the proposed issue of the options. The Company notes that it has since received advice that as the mandate contemplates an issue of securities, that an Appendix 3B should have been lodged at the time the mandate was entered into. In light of this, the Company will conduct a review of its disclosure practices to ensure more stringent practices are in place particularly in relation to proposed issues of securities and lodgement of Appendix 3B’s.