RE: to add a semblance of realism17 May 2021 20:32
Sorry, but I'm not sure that you have put both sides of the argument. From a BoD member's point of view, you cover their position as if it were your own. However, the fact remains that fundraising by share issuance is not altogether in the shareholders' best interest. He / she has to top up at vastly inflated rates, just to contain a position. In plain English, that's pay up, just to stand still! It also sums up the basic risk we take investing in penny shares on AIM.
So, we're being asked to vote to allow the BoD to go on a spending-spree, but I remain to be convinced that I should add my vote to approve the proposals. I voted against last time and I expect you know where I'm heading.
Remember: 1 million times nothing = nothing!! The very definition of dilution...