voting no on item 2 doesn't tie the companies resources for my mind. it just adequately monitors.. if they needed cap raise of any description in the next 6mths,they would have to ask us to vote on it.
which is far more preferable to me thesedays since ive seen many done b4 without me having a right to be involved in such decisions in any capacity as a shareholder.
u have all seen that happened b4 wenever they had cash buffer they payrised each other.. and the outputs never occurred.. this time im adamant i want see fundamental output first b4 i volunteer to empower any INT mgr with such financial instrument power such as 15% script licence.
accepting item 2 atm just further allows dilution to my holdings without my endorsement/opportunity to digest reasons why, prior to any such event. so thats y i vote NO this time to ratification.
it seems first port of call when cash strapped is to hit up the investor, or give a 'mate' a bargain for cheap entry point? this has to stop doesnt it? a viable business has an array of funding options they need to adequately explore?
AHL Price at posting:
0.4¢ Sentiment: None Disclosure: Held