XTE is one of the very few company which doesn't ask shareholders approval for issuing new shares ... obviously they knew they have plenty of cash at the moment!!!
resolution 3 is to consolidate shares 10 to 1, considering they only have 200mil shares on issue, some 40mil left loose on market, I see this resolution clearly for further building up company image, marketing itself to US defence or other large agencies as a $1 dollar company, not 10c one.
share consolidation without potentially issuing new shares ... it speaks itself, loading up guys loading up...
XTE is one of the very few company which doesn't ask...
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