Is your company aware that Ian Finch mailed out a copy of your research report on IFE to shareholders with a Notice of General Meeting which proposes a number of resolutions having the effect of:
1. permitting the directors to issue an additional 22.4m shares at a price not less than 80% of market value (potentially a 30% dilution at isue price of 60 cents) 2. granting directors 1.4m free shares as performance rights 3. providing for approval of an employee incentive scheme which would allow the directors to issue an unlimited number of further free shares
How do these resolutions impact on your valuation of IFE ?
How do you feel about your report being used in a manner calculated to encourage shareholders to vote in favour of these resolutions ?
Fisho
TYX Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
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