. Shareholders who are not eligible to receive entitlements...

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riverbrae

2,515 Posts.

26/08/14

22:34

Post #: 13876754
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Originally posted by riverbrae ↑

The Company will disregard any votes cast on this Resolution by any substantial Shareholder

Can they really do that?

“Substantial shareholder - Australian Securities Exchange
m.asx.com.au/glossary/substantial-shareholder.htm
Substantial shareholder. ... Substantial shareholder. Person/company holding more than 5% of a company's voting rights. “

BUSINESS OF THE MEETING
AGENDA
1. RESOLUTION 1 – APPROVAL OF ENTITLEMENT ISSUE
To consider and, if thought fit, to pass, the following resolution as an ordinary resolution:
“That, as required by the ASX waiver, and for all other purposes, approval is given for the Company to offer and issue Shares at an issue price of $0.005 per Share under a non-renounceable pro rata entitlement issue in a ratio of nine (9) Shares for every one (1) Share held on the record date, as set out in the Explanatory Statement.”

SO AFTER HAVING A 1:10 CONSOLIDATION THE MANAGEMENT NOW TELL SHAREHOLDERS TO TAKE UP 9 SHARES AT .005C FOREVERY SHARE HELD.

=SENTIMENT=NO WAY WILL I GIVE THIS COMPANY ANOTHER CENT!

RB

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. Shareholders who are not eligible to receive entitlements under the Offer will not receive any value in respect of entitlements they would have received had they been eligible.

SO ALL 2015 OPTIONS AT 50C CONVERSION ARE NOW WORTHLESS

THANKS PL
AT LEAST NOW I AM OUT OF THIS COMPANY THAT HAS LOST SHAREHOLDERS SO MUCH

RB

CCC Price at posting: 2.0¢ Sentiment: Sell Disclosure: Held
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. Shareholders who are not eligible to receive entitlements...

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