RE: Why is everyone only voting no to Res :4 ?23 Jan 2023 16:54
Some of the previous ones allow the current broker offer, the fundraise warrants and the adviser warrants to complete giving VAL cash and also gives them some space for placing for a much lower amount if required for working capital. It appears most are voting against Res 4 as that could result in a huge dilution and it could go down a constant dilution route requiring numerous cash call dilutions until they make profit. That is my understanding from it. DYOR.