Originally posted by Morry
I ended up voting against the additional 10% placement facility.
They have way more cash than they need given the stage they have communicated to us, and, until it is adequately explained, the Vimson deal has been an abuse of the placement facility.
Damn straight... the board have shown us that they either aren't competent, can't be trusted or don't have shareholder interested in mind when issuing capital. I would like to see them have to come to shareholders for a vote on any capital being issued going forward.
If this was any other major company or even a political party, RT would have had to fall on his sword within the first few days and PB would have also been gone within weeks. The whole thing is a fck up and verges on reportable to ASIC for review imo.
PB better keep delivering fast for his own sake... the mob will be ready turn on him with viciousness at the slightest delay or the perception of poor commercial judgement.