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A good quarterly this week or next and cash flow positive would...

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Juzzy76

924 Posts.

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21/07/14

11:46

Post #: 13689360
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Originally posted by hawkeye73au ↑

Thanks Marhol for your input out of left.
However unlike more speculative biotech’s with a weak share register, last November shareholders voted against resolution 7 and were successful.

This means the board doesn’t have a free ride on issuing more equity - see below for more info.

RESOLUTION 7 – ADDITIONAL CAPACITY TO ISSUE EQUITY SECURITIES UNDER ASX LISTING
To consider and, if thought fit, to pass the following resolution as a special resolution:
“That, for the purposes of ASX Listing Rule 7.1A, approval is given for the Company to have
the additional capacity to issue equity securities of up to 10% of the issued capital of the
Company (at the time of the issue) calculated in accordance with the formula prescribed in
ASX Listing Rule 7.1A.2 on the terms and conditions described in the Explanatory Statement
accompanying the Notice of Annual General Meeting.”

RESOLUTION 7 didn't pass.

It might pay to do some research next time

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A good quarterly this week or next and cash flow positive would be perfect to stop such Rumours.

CDY Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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