Totally correct about this not sure why they didnt' even wait...

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Gharp

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26/09/24

10:33

Post #: 75846728
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Originally posted by Ludo25: ↑

How has no one detailed the fact that Resolutions 1 & 2 are only to provide the company with the ability to issue more shares in the future without future shareholder approval (i.e. effectively issuing 98M new shares without those being included in the 25% increase in shares yoy). I will definitely be voting no for these first two resolutions, you're basically begging for another capital raise in the near term / this FY if not. The shares have already been issued to Mangwana, they aren't asking for your approval.

This is of course different for Resolution 3, of which I will be voting yes, in order for the company to get the remaining $$ from Mangwana @ $0.1/sh (total of 52M new shares).

Resolution 4 is to each their own. I believe 1 for every 4 options is reasonable in contrast to the previous 1 for every 2 the sophs were getting in past raises.

Resolution 5-9, lol.

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Totally correct about this not sure why they didnt' even wait till the next AGM which is due by end of November to ratify 1 and 2

The Company wishes to retain as much flexibility as possible to issue additional equity
securities in the future without having to obtain Shareholder approval for such issues
under Listing Rule 7.1. Accordingly, the Company is seeking Shareholder ratification
pursuant to Listing Rule 7.4 for the issue of the Shares

IVZ Price at posting: 7.1¢ Sentiment: None Disclosure: Held
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Last 7.3¢		Change 0.002(2.82%)		Mkt cap ! $107.6M

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Totally correct about this not sure why they didnt' even wait...

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Totally correct about this not sure why they didnt' even wait...

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