No.
The general meeting is, as clearly stated, for thepurpose of of approving "aplacement of 44,444,445 new, fully paid ordinary shares (New Shares)at an offer price of $0.18 per New Share (Offer Price) to raise totalproceeds of $8m"andthe small additional "638,886New Shares will be issued to the Directors at the Offer Price"for the net proceeds, before costs of $8.1 million of working capitalfor the company
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Thattext above is cut and pasted from a reply to me that still showing onthe forum. Its a single sentence.
Thisbelow is from the announcement - yellowed quotes from abovealso appear in the text .
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"Melbourne,Australia: 6 December 2024: Cynata Therapeutics Limited(ASX: "CYP", "Cynata",orthe "Company"), a clinical-stagebiotechnology company specialising in cell therapeutics, is pleasedto announce that it has received firm commitments for aplacement of 44,444,445 new, fully paid ordinary shares (NewShares) at an offerprice of $0.18 per New Share (Offer Price) toraise total proceeds of $8m (Placement). Inaddition, 638,886 New Shares willbe issued to the Directors at the Offer Price to raise afurther $0.1m, subject to shareholder approval at a general meetingto be held in early 2025 (Director Placement)"
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Thetop sentence does not accurately capture the meaning of the bottom -using the wordand
likeit is used makes both quoted references relate to the general meeting- that is not the effect of the original language.
Idon't want to engage with the poster who I am disagreeing with(because on previous experience - it isn't constructive for me to dothat) nor do I want to insult him (and I'm not insulting him in thispost- merely rebutting him for the potential benefit of other readers– so they can see for themselves and decide for themselve).
I just want to point out the non-equivalence in thelanguage (other posters language and original language in theannouncement) to other readers so (if there are any that aregenuinely of the same view as the poster I disagree with) they can(if they want to) see for themselves the difference.
(20min delay)