Luke - I am keen to avoid a circular argument on this topic (and I have posted some very comprehensive notes on the issue) so let's be very clear about one thing;
"Neil's, communicating on behalf of QBL, has said no shares at 2.0c."
In my opinion, it matters little what Neil states on this forum (nor you or me for that matter) that is not the point being debated.
What matters, in my opinion, is what is in the document that QBL released to the market. And that release states that QBL has been granted a waiver to Listing Rule 14.7 and they would have had to have applied to the ASX for that waiver - why did they do that?
"Grants a waiver of listing rule 14.7 to the extent necessary to permit the issue of:
(i) A minimum of 57,000,000 Shares and a maximum of 170,000,000 Shares at an issueprice of $0.02 each under the Capital Raising Offer;"
Note : it is $0.02 and not $0.20
Why not simply have the document amended? That would close the matter.
Notwithstanding - I will leave that particular matter there as the passage of time and events will show the true state of things.
