Ann: Extension to Voluntary Suspension, page-14

Repy not working - initially in response to @Protagonist

Great theory - Im aligned and pretty suss Sayris has a lot to do with things as they removed the SCU team as advisors from the site too. No facts just feeling / opinion so take it with a grain of salt.
If not surely there are Tribeca clients on here who would see the offer and come on here for a look then make comment. The 500m shares cant be to one entity as its effectively a takover and as I understandf it that isnt allowed.

FWIW I had a reply from Elizabeth stating the company has confirmed the notice of AGM complies with the ASX rules and the ASX reviewed it prior to it being sent to holders (no other detail.
Now she / SCU have had the opportunity to respond I emailed the ASX because:
- If you want to add the ability to issue 10% more shares it needs to go to holders as a special resolution which requires 75% of the vote
- The coy has, in the AGM made the issue of 500,000,000 (48% of the current SOI) an ordinary resolution so only requires 50% of the vote (I contest it needs to be a spesial resolution)
- Per below from the ASX, It can be contended the coy is not treating its current retail holders fairly by exluding them from the raise and witholding detail.

In my view the above is not in the spirit of the listing rules and not in the best interests of the holders givent the (lack of) info holders have (not) been privy to.
From the asx website:



Source:
https://www2.asx.com.au/blog/understanding-capital-raisings

Other references:
https://www.copyright link/chanticleer/asx-sees-the-light-on-covid-capital-raising-rules-20200915-p55vyd

GLAH hopefully we find out Friday.