So , the main reason for the ratification seems to be for the company to issue another 15% of shares and options , the questions that need answering are ,
* will these new shares be offered to retail and sophisticated investors ?
* will they be offered to a potential future take over buyer ?
* will they just be used to fund future expansion ?
* when will they be issued ?
* have they already agreed to an organisation for a 15% stake in the company ?
* Paul’s condition seems to cover his dilution %
* when will the share price be free from manipulating ?
interested in others thoughts
So , the main reason for the ratification seems to be for the...
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $22.32M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.7¢ | 4.2¢ | $19.38K | 424.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 231096 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 142144 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NOR (ASX) Chart |