''The Board is recommending that shareholders vote in favour of these resolutions as it holds the view that the Facility represents a more flexible and cost effective arrangement than was previously in place.
I wish to also let you know that whilst the Company is seeking approval for the maximum possible number of shares that could be issued under the Facility if all repayments were made by way of an issue of shares rather than cash, the Board intends to make minimal share based repayments.''
IMO, Rather than allow share price to continuing dropping to an all time low - it would be fair and reasonable to advise shareholders of the progress of Track and Q and A divisions etc...
DYOR
Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX, page-150
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