RE: AGM8 Aug 2021 01:23
@RingMaomi,
This is my true analysis re the 'Authority to issue UP TO ....700m shares'
1.The resolution to issue more shares is pretty bog standard, take a look through as many AGM's from as many shares as you care to do so, and you will find that, all that is being asked is for you and I, tjhat and all shareholders are asked to vote on the that and give their permission etc.In other words you are being asked to give our direectors the AUTHORITY to do so.
2. At the end of the day, what this is all about IMHO is simply, SHOULD AN OPPORTUNITY ARISE... that our BOD's should they require additional funding and we all ready know that once a prospectus is published and issued re WiseMpay, we will be issuing a further 100m shares in order to finance MWisePay's involvment. Now that involvement, will only surely take place once we have secured the necessary API licence from the FCA and not before?
3. All future issues IMHO beyond the 100m WiseMPay payment, will be on a AS AND WHEN REQUIRED basis.
4. I am therefore, not expecting a sudden all in one 700m issue, are you and if so why?