Ann: Appendix 4C - quarterly, page-21

Chatting to a friend today and he pointed out the requirements of Resolution 5 of the recent AGM which has the following requirements:
Resolution 5: Approval of additional 10% capacity under Listing Rule 7.1A31 Listing Rule 7.1 allows the Company to issue a maximum of 15% of its capital in any 12 month period without requiring Shareholder approval. In accordance with the Listing Rule 7.1A, eligible entities (companies that are outside the S&P/ASX 300 index and that also have a market capitalisation of $300 million or less) can issue a further 10% of the Company’s share capital over a 12 month period following the Annual General Meeting (provided Shareholder approval is obtained at the Annual General Meeting) on a non-pro rata basis.32 The Company falls within the eligibility criteria required by Listing Rule 7.1A.

so if the company wants to meet this condition my understanding is that they need to make sure they announce the beautiful data after the AGM and not before so as not to risk the share price rising too much

more to the point though is why do they want to meet this condition? Bring on a “strategic” investor perhaps?
Is that what Roth Partners will be helping them to do As Roth Partners state in their report they expect that within 3 months they will generate their fees???