Standard clause in case something big or a great opportunity...

Standard clause in case something big or a great opportunity comes along... I have seen this in about five of my stocks' annual reports of late..

Can also be there as a worst case fallback scenario...

Todd is a major shareholder and will not be interested in any non beneficial capital raise/ merger etc... also, related parties of the company are excluded...so you would assume this means management...

It says no lower than 75%, but, if it's allowing for a worst case scenario, with a declining share price you have to allow discounting or you won't raise capital...

Plus, it doesn't say they won't raise at a premium if everything was going well and a great opportunity presented itself...

Wouldn't limit the upside, but have to limit the downside, which is the 75%...