I don't think anyone will be sacked from polo, the promoters have got it pretty much locked up...
It's got nothing to do with res # 2
Resolution 2 seeks Shareholder approval for the issue to Great Central of 12,000,000
Convertible Notes having a face value of $3 million, being the balance of the Tranche 1
Convertible Notes to be issued under the Convertible Note Deed.
The Deed was established on 4 February 2013. ASX Waivers had lapsed and they get s/h approval again. It's got to do with the same note as outlined in ANNEXURE A.
The perfectus dea, you are 100% correct.... ;-)
look forward to this getting out of suspension though...
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