Ann: Placement and Share Purchase Plan, page-81

We need to be honest and not look at the Board with rose coloured glasses: to reiterate part of Figaro's post;

22 Jul, in the quarterly:
Consequently, DroneShield expects its existing cash balance (approximately $4 million as at 30
June 2020), to be sufficient to meet its capital requirements, at the very least, for the foreseeable
future.

28 July, Chairman's Address to AGM:
The company has approximately $4m in cash as at end of June 2020. With 2Q20 becoming the first quarter
of positive cashflows achieved without shareholder-dilutive funding, we are progressing through 2020 with
a confident outlook.

03 August, ASX Announcement of Trading Halt:
In accordance with ASX Listing Rule 17.1, DroneShield Limited (ASX: DRO) (Company) requests
a trading halt of the Company’s securities pending the release of an announcement with regards
to a capital raising.

so, if they didn't lie, they definitely and purposely withheld important information from shareholders. Whichever way you look at it or interpret it, it is implicit that a CR is not necessary. During the AGM they were well aware of the intended CR and planning the trading halt. I'm not saying the CR is bad from a business perspective, however from an honesty and fudiciary point of view it is very dishonest and deceptive behaviour. If they say that again at the next AGM can they be trusted and would we believe them?