News: BFC Beston Global Food Company To Raise Up To $15.6M Via Entitlement Offer, page-2

Disgraceful.

How can you have a capital raise when the AGM hasn't been held? a board that hasn't faced it's shareholders, accused shareholders of manipulation of proxy votes then the same board brings on the capital raise before the adjourned AGM is held. It is corrupt manipulation. Any shareholders that wanted to vote against the board are having their shareholding diluted and, thus, they have less votes at the AGM. Otherwise, they have to stump up cash just to maintain the voting power they had before the AGM was adjourned.

What chances are there that the amount of shares issued in the capital raise is enough to give Sexton and his cronies the majority back at the AGM? So many people, like me, would have said a long time ago that this company is not getting one more cent of my money until BPAM is gone and the company is actually working towards profitability instead of fancy cheese awards. Therefore getting diluted time after time.

Where is ASIC?