By isuing so many shares, they can also control and influence voting.
It can be seen by the outcome of the previous voting , that they control it.
It all doesn't matter, they are going nowhere, and they will continue on, missing deadlines and with lapsing deals . Look at Ora Banda & Audic who go from strength to strength .
Ann: CLASSIC AGREES FACILITY TO FUND PROJECT DEVELOPMENT, page-96
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