Not happy about this in view of the lack of a CFO who is responsible for treasury. Why do they need to raise more money in the next six months? They only have to wait until 2024 for the 15% limit to renew. I note the argument for staff incentives but in May it was stated (before the period had even started) that the second half would be crap, so again why not wait until 2024?
Someone needs to point out to the CEO that it is not his money he is throwing around and that his substantial holding was free.
No CFO, just had a dilutive raising, plenty of cash in the bank. I cannot see the need.
Ann: Notice of General Meeting and Voting/Proxy Form, page-2
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