I think this is more prudent cashflow planning SV, rather than an inevitable capital raising. The same resolution was put through at last year's AGM too. It is nice to know that you can raise money quickly - if the price is right.
Don't forget the paragraph in the quarterly either...
Consequently, DroneShield expects its existing cash balance (approximately $4 million as at 30
June 2020), to be sufficient to meet its capital requirements, at the very least, for the foreseeable
future.
Not saying that you are wrong SV - I just imagine everyone would be disappointed with a capital raising at these prices.
SK.
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