currently close 700mill shares on issue, wanting to add a...

currently close 700mill shares on issue, wanting to add a further 900mill+ shares.......... WT.....F!!!

Doesn't it require shareholder approval to allot that many shares? It certainly isn't the usual 10 or so % we see other companies issuing. I guess a consolidation is likely down the track. To think there were only 400mill odd shares not so long ago and PPA's were "imminent". They certainly need to pull something huge out FAST!!!

Oh well, i was right royal sucked in, guess my almost useless PAXO's just became completely useless today. Such is life.