So you’re patting management on the back because they took an action that has made a good portion of their own shareholders (not me) go running to dob them into ASIC. Never a good move to get your shareholders offside like that. I highlighted “foreseeable future” because it’s the key point of their assertion. They clearly already had the SPP in the works which is where the breach of trust has originated. And if that changes because you’ve made some sales & now you’re not well funded, at least you cap raise post the sale announcement rather than giving more equity away & asking to investors to support on trust in the Board which they have just breached.
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