Couldn't agree more @joewolf it's a terrible look issuing shares when we're near 52 week lows and when management claim the SP is undervaluing the business - even if cashflow is tight how can this be needed for such a small sum? If the company truly is undervalued we're simply paying over the odds for whatever the services were. We'd be better paying whoever this is 5 - 10% more as a bonus in cash with a clause that they then buy on market and escrow the shares for three months than issue the shares.
Also not a good look for EAS to be converting options this early - you'd think they would be abreast of the business opportunity more than most. The only rationales to sell options this far out from EOFY and expiry date is that you expect the price to be lower by EOFY/expiry or that you think the market is too illiquid to absorb the sale at expiry.
Good Comms is more than how/when announcements are written it's about how the company projects its image through all its actions and ugly share issues ' for services rendered' and previous broker/advisor relationships becoming an anchor have to be added to the pile of poor actions already behind us.
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