re: Ann: Appointment of new CEO & Managing Di... Could this be why the Share price hasn't taken a turn
On the 27th Feb Announcement Raising Funding
The Company will be required to satisfy each monthly equity purchase by issuing ordinary fully paid shares to ASOF with the issue price to be determined by reference to the volume weighted average price of the Company's shares during a predetermined pricing period. If required, shareholder approval for these issues will be sought at the appropriate time in accordance with Listing Rule 7.1.
It does seem strange that the shares are being devalued by such a small number of share trades (we are only talking a couple of thousand dollars)
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Ann: Appointment of new CEO & Managing Director , page-17
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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