proposal to place 150,000,000 shares vote no!

  1. 1,218 Posts.
    These guys are clowns.

    Has anybody read the AGM proposal n o 2 to list 150 million more shares at no greater than a 20% discount to the shares price over the next 6 months.

    They say it is for developing the Clinton Project, the feasibility and working capital.

    They are running out of money......

    Guess what will happen?

    A ramp up of the share price by these manipulators to raise more money for this company to waste.

    Who will get a chance at these discounted shares, I bet you it is "sophisticated and institutional holders" at mates rates.

    Disgraceful.

    Vote no on your proxy people.

    150,000,000 shares means more dilution and devaluation....what value will they be after the sahres are placed?





 
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