AVL 0.00% 1.4¢ australian vanadium limited

Ann: Notice of General Meeting/Proxy Form, page-22

  1. 136 Posts.
    Anyone going to the meeting that will be voting down the unnecessary resolution 4 ?
    someone nominate and then he can the "proxy" and stare down the sticky fingered Directors,
    happy to vote for em if they are options rather than ordinary shares.
    I feel the extra dilution at this stage is unnecessary and "gifting" shares like this is strange as IMHO we dont really have much left in the bank.
    Someone in the management team has crunched the numbers on this and reckons AVL can cope with an extra 71million shares on the register with why not do a CR on 100million shares instead, at least we would get some cash in the bank for the dilution instead of rewarding the directors that may or may not be around next year.
 
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