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clock Created with Sketch. 06/03/15
20:03
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Originally posted by Undaunted
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It will be interesting to see how Anitua vote having just invested $5 million in the company and now faces the prospect of having their investment significantly diluted through the issue of 180 million performance rights and 357 million options, not to mention the general discretionary mandate for directors "to issue further unissued shares in the capital of the Company at any time to such persons, and upon such terms and conditions and for such purposes as the Directors may in their absolute discretion deem fit, and that such authority shall continue to be in force until the conclusion of the next Annual General meeting of the Company ".
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all good questions for the AGM and I wonder what drake will do .........I can see Anitua VOTING IN FAVOUR I think they want to buy in big time and need the stock issue reduced Im betting a big buy in by them
