The point is the company never informed shareholders that the SPP Options and Placement Options exceed the Company’s 15% limit. Therefore could not be offered to shareholders on the timeframe advertised in the original prospectus which was to be issued by June 7th 2022 I believe.
Either the company holds a GM to seek approval for increasing the 15% limit and then shareholders vote on the placement or it waits until the AGM.
Again this is a terrible oversight, and is an exemplary exemplar of what is happening with the management of this company, they do not know what they are doing. Great job fellas!
I hope there aren't legal ramifications here.
What a complete schmozzle!!!
The point is the company never informed shareholders that the...
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