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  1. ptawn001
    182 Posts.
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    16/06/09
    20:49
    Post #: 5287351
    Hey Beef

    Any ASX company can issue shares at any time to raise working capital without approval from its shareholders, so long as there had been a resolution passed at the previous AGMs that allow the company to do so.

    I agree with you it's a bit dodgy to issues shares at a deeply discounted price a few days before the release of a price-sensitive announcement.

    Just my thought.
    MAN Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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