Shareholders should vote against these resolutions.
It is this retrospective approval that allows Buxton and McCabe to keep going to market and raising capital - in the process diluting long suffering shareholders.
There are ASX limits to capital raises without shareholder approval for a reason - but AQX keep circumventing this because shareholders keep approving these share issues.
If these aren't approved the company will have to continue to operate without any further dilution - and when it runs out of money, we can take the necessary action of changing management - but while we keep filling up the well, B & M will keep going back to it.
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