The company must know how this looks, with an EGM and vote coming up it seems strange to flag a capital raise in the future. Not only for SH sentiment but also as the cap raise will be dependent on averaged SP.
It is possible they know they already have the votes or that they believe the majority will vote as instructed. The third, optimistic possibility is that they are expecting SP to rise and SH sentiment to improve prior to the EGM. A CR can be viewed positively by the market if it is clearly strategic and will expand the company positively. I hope this last explanation fits reality the best but it is purely hypothetical. I was certainly more confident prior to these announcements.
The buying at 0.009 is encouraging.
The company must know how this looks, with an EGM and vote...
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