AEE aura energy limited

Ann: Notice of Annual General Meeting/Proxy Form, page-9

  1. 332 Posts.
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    Well I don't know much about these things, but it seems all the major shareholders, some of whom were the heroes of the small holders, have kissed and made up:

    ASEAN, Sartingen, Pre-Emptive Trading Pty Ltd (PET) and the Company have agreed to settle outstanding litigation and have executed a Term Sheet which will result in the Company issuing both Shares and Options to ASEAN Sartingen and PET at the Rights Issue price of $0.004 per Share (on a pre-Consolidation basis) or $0.052 per Share (on a post-Consolidation basis) and the Options at an exercise price of $0.004 cents per Option (on a pre-Consolidation basis) or $0.052 cents per Option (on a post-Consolidation basis).

    And won't be as vocal on HC any more:

    In addition to the financial settlement, the parties referred to in Section 1.3(a) have agreed that on approval of the financial settlement by shareholders:
    - no party will directly or indirectly take any steps to appoint or remove a director of the Company (or support or encourage any shareholder or directors to appoint or remove) where under the Corporations Act, Company’s Constitution or otherwise; - any existing requisitions or nominations to appoint directors will be deemed withdrawn; an - no party will disparage or criticise any other party or its officers in a public forum, including without limitation on social media.

    And a 13:1 consolidation is not historically profitable for minnows like me:

    It is proposed that the securities of the Company be consolidated on the basis of one (1) new share (or Option) be issued from every thirteen (13) shares (or Options) held. If the consolidation is approved by shareholders, the issued share capital of the Company is expected to be: Pre-Consolidation Post-Consolidation Shares on Issue 2,557,535,966 196,733,536 Options on Issue 94,104,161 7,238,782

    Ahhhh well, ya take ya chances.
 
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Mkt cap ! $151.4M
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