Ann: Convertible Note Application Received from C2 Ventures, page-6

Really??!
If you want to be clever perhaps you can actually quote my post which the CEO responded to and make an intelligent comment to that..
I did not “whinge” about the placement, I expressed my opinion that I could not see how they could do the placement within the listing rules as they stated;-

1. The additional capacity under rule 7.1a was voted on at a meeting and included the votes of C2V (which was fine at the time). Issuing the shares to C2V after the event appeared to me to be in direct contravention of the rules. (The ann stated the placement was approved under listing rule 7.1A with a cursory note at the end that regulatory requirements would be met!!)
2. The placement gave C2V in excess of 20%, also something I considered to be in breach of the rules.

The CEO defended his position which I have no problem with, however, he never gave me a “spanking” as he didn’t address the actual issues I raised even after I asked again.
Fact is - It has now transpired that I was correct and they now have to raise the funds by way of a Con note which after approval they will initially convert to just under 20%, then convert the rest later so it fits in with the 3% creep rules as their total contribution takes them to 22% or so.
A couple of others had expressed disappointment at retail holders not given the opportunity to participate, however they have been given short order on here and advice was they could buy on market, didn’t concern me overly but a fair question.
Just for interest, Listing rule 3.10.5A(b) specifically asks why securities would be issued under 7.1A rather than a pro rata issue to existing holders etc. The Company issued an Ann 18/12/18 advising the shares had been issued under listing rule 7.1A and gave their reasons to questions 3.10.5A(b) – I will leave you to review that.
I am now curious if that ann will be withdrawn as the shares will not now apparently be issued under 7.1A!
I wasn't going to justify my position on here any further and I had not even bothered to make a comment when the details of the placement changed (not interested in games)
I also couldn’t care less if you wish to come on the CDX threads and pump it for all it’s worth, but I would appreciate some facts be quoted if you wish to have a go at other posters.
By the way, I am not down on CDX and hopefully, the current management can drive this forward, however I will always question a Company action that does not appear right. Not sure why this creates angst as it is in minority holders interests.