No Bebono you've not missed anything....share holder approval can happen...but the top 20 share holders are going to want to see value in the deal prior to agreement...read sophisticated investors
15% is 70 mil shares ...if you held 11 mil shares ( 5 % ) and the deal goes through at 15 cents you going to be required to stump up 525k to keep your 5 % holding pretty good coin for a speccie who only raised $1.5 mil last year to get this Mark Elery on board and move from the health sector in mining !!!
Regardless i can see patterson all over this raising and that will mean all westcoast eagles supporters get looked after and all Sydney swans members get crickets !! ha ha har
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