sorry but did Drake do the following in the 90 cent capital raising?
Given the behavior of this Board of Directors to date, we would like to remind you that the Board adopted an agreement in October of 2021 that specified that Drake would be offered its pro-rata share of any capital raises, and would have the right to underwrite its portion of the deal if need be. Drake expects the terms of this agreement to be honored and reserves all rights to pursue enforcement of this agreement. Up until this point, Drake has pursued enforcement of the agreement by way of an EGM, but we will not hesitate to pursue different remedies should the Board refuse to allow Drake to invest our pro-rata share of the capital raise.
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Price($) | Vol. | No. |
---|---|---|
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