SMN 0.80% 62.0¢ structural monitoring systems plc

a. because those resolutions can only be for the year following...

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    a. because those resolutions can only be for the year following the AGM in which they are made. You can't make an open-ended exception to the ASX share issuing rules.
    b. because issuing new shares puts you in almost the same position - you don't spend the cash, but you move the problem to a debt/equity one.
 
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