SXA 0.00% 7.0¢ strata-x energy limited

Ann: Results of Extraordinary General Meeting, page-2

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  1. 1,797 Posts.
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    Hi All,

    My understanding is that the company's share price was discounted as the market recognised the need for SXA to raise more cash to meet its future development obligations. Now SXA has a 'facility' in place to meet this need. Cannot see them issuing all the shares in one hit - also remember as management are major shareholders they will be looking for one thing - to maximise their wealth.
    Roll on the test results.



    Spozzie
 
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