RE: An important change ready for the new EUA V.2.016 Jul 2023 20:57
Seamus, the BoD are asking shareholders to consent to company having powers to issue up to £5,000,000 pounds of EUA ordinary shares at nominal price. the nominal price is 0.1p, so EUA wants powers to issue up to 500,000,000 new shares.
obviously, that does *not* necessarily mean that they will then issue that many, but it would enable them to do that if they wish / need. … if EUA just attempts to go into total mothball mode, they may not need to issue that many very soon, but if they attempt to start up a brand new hydrogen etc. biz, i am suggesting that’s gonna cost money, and EUA don’t have much spare cash just sitting around.