The last vote on options in previous raise that was obviously...

The last vote on options in previous raise that was obviously going to be very detrimental to shareprice and market cap appreciation fell short by 60m odd votes…

This latest raise now at a price of 2 cents (mainly due to pressure of selling from last recent raise and inadequate promotion of company activities).

I guess it’s a case of you get what you wish for…and there are now 175m more shares on issue in the FOR voting column…leaves very little chance of knocking down any resolutions going forward no matter how preposterous, greedy or ridiculous they appear.

Lets just hope the CEO brings home some good news from current trip to lighten the mood and excite the market.

All shareholders have been given the “privilege” of obtaining shares at 1:10 (10% of holdings) at what appears to be a very low price just to keep up with part of the near 18% dilution this raise brings…thanks management greatly appreciated. Suppose we need to buy a few extra on market to offset the rest of the dilution from this raise..looking after longterm supporters of the company once again.

Anyone that thinks this is remotely “rewarding” shareholders even in the event a deal is struck prior to it closing is delusional. Even if you subscribe in full you have been shafted the last 12 months with crazy levels of dilution that takes a certain skill (and not one to be admired) to get through in a 12 month period and still meet listing rules…and very little effort to promote the company projects, prospects and energy density on the companies own propriety anode formulation to the general investment markets. It took the ASX regulator to make them name Mercedes, we would still be in the dark if not for them being outed.

Likely a total waste of time but will still be voting on all resolutions for AGM and won’t take a genius to work out which way majority of these votes will head.

GLTA.