"No one can this be stupid and do a capital raise before AGM"
One possibility is that David is worried some resolutions won't get over the line. Issue 200m shares to an institution that he knows will support all resolutions.
After all, most shareholders don't bother to vote
Having said that, I sure hope it's one of our European partners. The announcement is worded very poorly and would send shivers down the spines of most holders
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