IMC 5.68% 8.3¢ immuron limited

Ann: Proposed issue of Securities - IMC, page-7

  1. 1,589 Posts.
    lightbulb Created with Sketch. 380
    WTF are they issuing shares at 8cents for? In what world is this ok. So they are sitting on the board handing out shares for free now.
    Who came up with 8 cents and how do they justify it?
 
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