WBT 3.04% $2.23 weebit nano ltd

AGM resolution 4 is seeking permission to increase the amount of...

  1. 237 Posts.
    lightbulb Created with Sketch. 81
    AGM resolution 4 is seeking permission to increase the amount of shares they can issue in a given time frame. Approval would increase the number of equities they can issue to 25% of the current MC.

    It is just an increase from the current 15%.

    I was speculating that the reason to do that ( and they have not announced plans that they would yet) would be to issue shares directly to a large cornerstone investor.
 
watchlist Created with Sketch. Add WBT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.