The annual meeting is requesting shareholders to vote to allow the company to issue 25% instead of the normal 15% of the current shares on issue at up to a 25% discount to the 15 day VWAP
Today the shares closed at .011 so in effect that would mean .008 , which is pretty low considering the stock was as high as 1.5 before they announced the Modern Medical deal.
Wondering whether to vote against the 3rd item on the notice of meeting , why don't they do a SPP at the discount so existing shareholders can participate and just stick to the 15% listing rule ?
BGD Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
