Completely agree. It is sickening that they actually think this is ok. Unfortunately we have seen this too many times before. Directors will be happy to do the bare minimum, SP hovers around the 3-5c mark, $1-2mil will be raised and then the next AGM comes around. This job needs to be seen as more than just an easy opportunity to top up the piggy bank.
With a new board this was the ideal time to project some confidence. Raising the $12mil should be the sole goal at this stage. KFEOAs expire in 12 months. If they can somehow get the SP over 10c then there is also the possibility that this will take care of itself.
I am excited by a new board and i wish them well. However, i cannot see how any reasonable person could possibly vote in favour of these resolutions. I certainly will not be.
Completely agree. It is sickening that they actually think this...
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