You're the kind of person that points out on a cold day that Global Warming might not be real.
Resolution 8: Approval for issue of New Shares pursuant to a US Nasdaq initial public offering
To consider and, if thought fit, pass the following resolution as an ordinary resolution:
“That, for the purposes of ASX Listing Rule 7.1 and for all other purposes, Shareholders approve the issue of up to
1,000,000,000 fully paid ordinary New Shares (represented by American Depositary Shares) in connection with a US
Nasdaq initial public offering (IPO) for the purposes and on the terms and conditions set out in the Explanatory
Statement.”
Resolution 12: Proposed IPO Issue to Dr Errol De Souza
To consider and, if thought fit, pass the following resolution as an ordinary resolution:
“That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, the issue of up to 4% of the number of
fully paid shares issued under the US Nasdaq initial public offering, in Options to Dr Errol De Souza, pursuant to
Resolution 8, on the terms described in the Explanatory Statement is approved.”
They're proposing a dilution of 1 Billion shares & issuing 40 million shares to Errol. All he needed to do was sell the company but he's intent on a screw job.
I'm fully prepared to admit when I make a mistake - it's not today though. We're days out from the above, shareholders should be aware that they are about to be drowned.
