Could someone clarify what this means ?Why is retrospective...

Could someone clarify what this means ?
Why is retrospective ratification required ?
What happens if the ratification not forthcoming ?
Is anyone aware of the Companies current cash position and current cash burn rate ?
Surely if the credit facility has been down down then funds from the capital raising ( $15,000.000.00 ) are gone ?
I know this is simplistic but if the $15,000,000.00 is gone (the credit facility is being used ) then the company is going through $ 2,500,000.00 per month net of income from sales
To me that means another capital raising to cover working capital prior to Christmas.

3. Ratification of share issue
“That for the purposes of ASX Listing Rule 7.4 and for all other purposes, shareholders ratify the
placement made by the Company in March 2012 of 7,075,472 ordinary fully paid shares at an issue
price of $2.12 each, further details of which are set out in the explanatory memorandum
accompanying the notice of meeting"