Future stock 3c +, page-5

My comprehension power is not perfect...so, my understanding may not be correct.
Is the company going to issue 250m share at no less than 3 cents to non-related sophisticated investors in the future?

1. If so, who are non-related sophisticated investors?
2. Does it include existing shareholders with 'pre-emptive right to prevent dilution ' or not?
Will appreciate any comments.


About future share issues, I do believe it is too many at the moment.
Already 1.2b issued capital and another 250m seems excessively many, from my view.
As a shareholder, my suggestion is that first show us good credible drill results.
Then its SP will go up, say more than 10 or 20 cents or so.
Then, the company can issue a tenth of planned 250m, thus only around 25m shares or so to raise comfortable money to do.
Company managerial seems at present not realizing that issuing shares means issuing burden of cheques.
Eventually those will come to the company shareholders expenses in the name of 1-for-10 or 1-for-20 consolidation, imo.

Personally, retail shareholders must watch preciously what top management personals do regardless of even any past good proven carriers, imo.

Regards,