Whilst I am not in favour of the performance rights in this particular case, what do you consider very significant dilution? Which resolutions? Safe for the payment to the two executives salaries for fy23 in shares, all other resolutions are either a ratification of shares already issued (capital raise and the purchase of VSI) or performance rights that are not shares and would only be issued if performances are achieved by end of fy26.
Directors seem to suggest that they do expect more capital may need to be raised amd because of the low SP they expect to utilised the 15% capacity in full. Unfortunately at this stage we need more than ever to have an overvalued stock, unfortunately we are listed in Australia.
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