Well depends why this new clause is being added could be the funds can be used in another way.
Financial Assistance to Purchase Shares (new clause 10.4)
Part 2J.3 of the Corporations Act provides that a company may financially assist
a person to acquire shares (or units of shares) in the company only if the giving of
assistance does not materially prejudice the interests of the company or its
shareholders or impact the company’s ability to pay its creditors. A company may
also provide financial assistance to purchase shares in the company if the
assistance is approved by shareholders or the assistance is exempted on the basis
that the financial assistance is based on the ordinary course of commercial
dealing (consistent with section 260C of the Corporations Act).
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Last
1.1¢ |
Change
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Mkt cap ! $28.28M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $540 | 45.01K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 6154143 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 1852595 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 6017780 | 0.011 |
19 | 14852995 | 0.010 |
9 | 937441 | 0.009 |
4 | 820074 | 0.008 |
3 | 2588560 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1852595 | 2 |
0.013 | 778881 | 2 |
0.014 | 1480000 | 4 |
0.015 | 5100000 | 3 |
0.016 | 2139775 | 4 |
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