res #3 ....means simply that company can issue more shares without asking permission.
they could ask permission when needed, but this saves time and money doing it along with other resolutions.
in the past companies sometimes diluted shareholder substantially and angered shareholders, so regulators changed rules and made companies beholden to shareholders.
personally i dont like company, any company, being able to issue so many shares without shareholder approval.
by voting yes you give away your right to object when the time comes.
- Forums
- ASX - By Stock
- Ann: Notice of Annual General Meeting/Proxy Form
res #3 ....means simply that company can issue more shares...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WSI (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.54M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 91291 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4 | 0.115 |
3 | 384030 | 0.110 |
2 | 55000 | 0.105 |
2 | 535000 | 0.100 |
1 | 500000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 91291 | 4 |
0.125 | 100000 | 2 |
0.130 | 99230 | 2 |
0.135 | 25000 | 1 |
0.140 | 150859 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
WSI (ASX) Chart |
Day chart unavailable