The bonus option was a incentive to do the consolidation, they...

The bonus option was a incentive to do the consolidation, they said the CR was only if it's required, if more revenue comes in H2, I doubt it's required or that much is required.


"4. Resolution 3: Approval to issue Future Placement Shares

4.1 Background Resolution 3 seeks Shareholder approval to issue of up to $7,500,000 worth of new Shares (Future Placement Shares) at an issue price per Share of not less than 80% of the volume weighted average market price of the Shares calculated over the last five days on which sales in the Shares were recorded before the day on which the Future Placement Shares are issued to various sophisticated, professional and other investors that fall within one or more of the classes of exemptions specified in section 708 of the Corporations Act.

The funds raised by the issue of the Future Placement Shares will be used by the Company to provide working and investment capital to the Company. At this stage the Company has not committed to undertaking the issue of the Future Placement Shares, nor the price at which the Future Placement Shares will be issued. However, pursuant to Resolution 3 the Company is seeking approval of Shareholders to provide it with flexibility to undertake the placement within three months following the Meeting."