Ann: Voluntary Suspension, page-220

First 220 Last

Share
Profile

Follow
cfp

2,919 Posts.

379

09/02/19

06:36

Post #: 37383384
Share

Originally posted by rastes: ↑

Unfortunately your Not totally correct..
Fwiw imo!
Both batches have everything to do with GM .
Hence no Soph shares CR will or can be issued until after GM. Why ?
Because share capacity in 7.1 is empty, there is only 407,973 available until GM in resolution 1 to ratify is voted yes then 7.1 capacity can be topped up to issue more shares and then 'without the need for share holder approval for future share issues from 7.1 , clearly you do not understand there is a big difference between rule 7.1 and rule 7.1a what is allowed and what is not.
Shares currently available in 7.1a are 146,938,649 and to issue any from that batch now first require share holder approval. Ie:
Like most of the shares in 7.1a left have been allocated to the Vendor 105,656,566 and have to be voted on at the GM to be issued. yes? Like otherwise why not issue it to them already .. see resolution 2 in the GM agenda.
That initial 210,000.000 mil shares issued to Vendor were from via rule 7.1 capacity hence No shareholder approval was required for that batch as states in the last 3b. See to confirm, apendix 3b - 6c.
Could there be an amendment notice announced before GM regarding resolutions in the current agenda you think.
The next, uno those very usefull tools/tricky Cleansing 'Prospectus' will read nice and muddy, they deflect/confuse many folks methink.

Expand

ok so lets go back to the bet, you state that we will not be coming out of suspension until after the 28th February, I say we will, lets have this bet where the poster that is wrong stays out of this thread for one full month, 31 days, you game, I am, I dont think you will take me up on it as you know I am correct and that would mean we have peace and quiet for 31 days,

VEC Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 56 more messages in this thread...

First 220 Last

Add VEC (ASX) to my watchlist

Ann: Voluntary Suspension, page-220

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up