in my opinion the share placement to GEAR Hebang was ratified at the general meeting on the 22nd of Jan
https://hotcopper.com.au/threads/ann-results-of-meeting.7810840/
so they reset their placement limit. pretty sure that the idea is to prevent management just non stopping issuing share without share holder consent.
light reading
https://www.asx.com.au/documents/rules/Chapter07.pdf
surely you could have posted this research rather than spoking non compliance?
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