asf... "This company really needs money and has announced it...

asf... "This company really needs money and has announced it will be adding 40m shares @ 80% discount"

That should be "NO LESS" than 80% of the 5 day avg.

"Resolution 1 seeks Shareholder approval for the issue and allotment of up to 40,000,000 Shares at an issue price that is at least 80% of the average market price of Shares in the five (5) Trading Days on which sales in the Shares were recorded prior to the date on which the issue is made to sophisticated or professional investors (Placement)."