Hi Andrew,
What has changed since the company outlined purpose of the options to Company Directors? This from the recent "The Tranche 2: Options have an exercise price of A$0.05 and vest upon the completion of capital raised of not less than AUD$4,000,000 over the next 12 months following the date of this AGM." Why do the CR now when they were planning to do a CR somewhere around the 5c level?
The cynic in me says the voting is not going well and the company has done a CR to shore up the votes.
It will be most interesting to see the details of the raise and to whom it has gone to. gla.
Ann: Trading Halt, page-4
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