SYM 0.00% $2.63 symbio holdings limited

gulp... not good. :-(, page-10

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    "ASX-listed entities can issue shares of up to 15% of issued capital on a non-pro-rata basis in a 12-month period
    without seeking shareholder approval.

    There are no restrictions on the number of shares that can be issued on a pro-rata basis through a renounceable rights issue, or on the discount that can be offered on the share issue price under such issues."

    "On 2 November 2012 Symex agreed to issue approximately 13.75% of its fully expanded capital(1),
    being in aggregate 242,333,333 Shares, to Sales Link Australasia for an aggregate amount of $3,635,000
    at $0.015 per Share.

    The above issue of Shares to Sales Link Australasia comprises the issue of:

    (a) 28,739,023 Shares to raise $431,085 (Placement), representing approximately 15% of the Shares on
    issue, as soon as reasonably practicable after the lodgement with ASIC of this Prospectus; and

    (b) 213,594,310 New Shares to raise $3,203,915 under the Rights Issue."

 
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Currently unlisted public company.

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