LBT 0.00% 1.9¢ lbt innovations limited

Vote No!

  1. 663 Posts.
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    I urge all share holders to REJECT the upcoming resolutions and make the effort to VOTE NO in the upcoming meeting.

    There is absolutely no way to justify how the raising was conducted, and to let management degrade shareholders without resistance is signing away your capital.

    If Management was truly interested in a speedy raising to accelerate development then:

    1. They would not have waited 2 months to announce a capital raising post FDA approval.

    2. They would use their existing pre-approved 25% dilution capacity, rather then waste even more time asking for shareholder approval to retain their 25% dilution ability.

    3. Would not have allowed the share price to continue to be decimated over months and then raise at a substantial discount to the decimated price, with free attaching options.

    4. Would bring on genuine credible investors, rather then using a stag profit churning broker and allowing themselves (the Directors) to take up freebies in the raising too.

    In summary, there is absolutely no reason that shareholders have been subjected to such huge dilution, manipulated share price, ridiculous discount to market, free attaching options, with no right for all shareholders to participate in the raising.

    Vote No!
 
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