Announcement says this is the second attempt to raise via SPP in...

Announcement says this is the second attempt to raise via SPP in 12 months, in breach of the ASX allowance. Looks pretty desperate doing that. Never seen anyone do that. Here is what it says:

1. “The Company notes that it completed an SPP on 19 July 2023 (July 2023 SPP), less than 12 month prior to the current SPP. It is therefore not eligible to rely on ASX Listing Rule 7.2 Exception 5 and any Shares issued pursuant to the SPP Offer will be issued from the Company's annual placement capacity under ASX Listing Rule 7.1A. As this SPP constitutes the second SPP to be undertaken by the Company within a 12 month period, Barton's Directors are not able to participate in this SPP”

Convenient excuse for directors who don’t seem to buy any shares - just get them as handouts they award themselves at our expense. Getting pretty tired with funding Alex flying around the world when he can’t even put together a basic cap raise, and has to pass the hat around again just 9 months after the last one