The BLA Board has agreed to a deal with Oaktree that...

The BLA Board has agreed to a deal with Oaktree that shareholders effectively can not veto given its got an economic penalty of ~$46m, being the 5-year make whole (10% PIK + 5% cash paid + 2% upfront fees)

Whilst shareholders get to vote on the 30% equity conversion rights, they have no say on the wider deal.

On what basis is the ASX allowing such an unconscionable deal to be jammed down the throat of shareholders???