The voting was announced to the ASX. The Spill motion had to be...

The voting was announced to the ASX. The Spill motion had to be put as the Remuneration resolution was defeated.
The results of the Spill motion were fairly close but undirected proxies prevented it being carried.
Lactoferrin may be a game changer as it does appear to be high demand, another Australian company Bega has been producing L/F since around 2002. Just hope we are not too late to the party.

As for the distribution of shortfall shares, today's announcement does mean that all shortfall shares have to be distributed to shareholders who applied for their entitlements IN FULL. Only if there are still excess new shares after the applications have been satisfied will underwriters and "mates" get a piece of the action. That in itself is a good thing IMHO.

The half yearly report will uncover the facts about the profits/losses and cash adequacy. Next issue for shareholders to turn attention to is the Special General Meeting to decide the fate of the Management team.