On a day like this just another reminder how to send management the message by blocking these resolutions.
I am saying No to further dilution by approximately another 10% to current register.
In total: 125,807,690
(103,500,000 + 1,538,460 + 769,230 + 20,000,000) listed Options to be handed over to undeserving hands.
RESOLUTION 2 – APPROVAL TO ISSUE 103,500,000 listed Options UNDER PLACEMENT (to Xcel Capital clients)
RESOLUTION 4 – APPROVAL TO ISSUE 1,538,460 SPP Options UNDER SPP TO GERARD KING ASSOCIATES
RESOLUTION 5 – APPROVAL TO ISSUE 769,230 SPP Options UNDER SPP TO SIMON PETERS ASSOCIATES
RESOLUTION 6 – ISSUE OF 20,000,000 listed Broker Options TO XCEL CAPITAL PTY LTD
Look at their performance and vote accordingly. No to ~10% dilution.
