One other question
Does the Pro rata right sissue become nil and void if the proceeds are used for other purposes
I noticed they must of missed the $4M payment in December 19 for ANMA
They then borrowed $5m in January to make this payment.
Are directors allowed to change the purpose of the raise in placing the shortfall?
Pro rata rights issue was to be used to fund this $4M.
What i am saying can a public company raise funds as outlined in a prospectus and then use the funds for other purposes.Or should that become Nil and Void now for the $4M
Any experts
Cheers
One other questionDoes the Pro rata right sissue become nil and...
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