JAT 0.00% 70.0¢ jatcorp limited

Ann: Appendix 4C - quarterly, page-29

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    One other question

    Does the Pro rata right sissue become nil and void if the proceeds are used for other purposes

    I noticed they must of missed the $4M payment in December 19 for ANMA

    They then borrowed $5m in January to make this payment.

    Are directors allowed to change the purpose of the raise in placing the shortfall?

    Pro rata rights issue was to be used to fund this $4M.

    What i am saying can a public company raise funds as outlined in a prospectus and then use the funds for other purposes.Or should that become Nil and Void now for the $4M

    Any experts

    Cheers

 
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