AJA astro japan property group
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  1. morley
    1,543 Posts.
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    05/05/11
    05:30
    Post #: 8355473
    Yes, it is ratified after the fact. But they don't have to ratify unless they want to issue more shares in the 12 month period, as they have now used up the 15% cap on shares that can be issued without approval. Therefore, the most likely reason to ratify is in order to be free to issue more.
    AJA Price at posting: $3.04 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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