"I'm sorry, but why not go 1 for 2 if the RS is required to maintain a threshold after news? The 1 for 3 is still too much of a buffer for my liking. If I were attending the AGM this year that would be the ammendment to the motion I would be making."

Hey iamsorry,

The 1-for-3 RS seems nothing more than a safeguard or "Plan B". They could also use 1-for-2 under this scenario. If all goes as planned, it won't be exercised at all. They are considering all scenarios and covering all bases. We should be pleased at such foresight.

Executing with no revenue, deal announcements, or architecture in place makes no sense. If they were going to do that, they would have exercised the right during the 1-for-5 period. They didn't, which indicates that they are wisely waiting for the right moment...and only if necessary.

It has to serve it's primary intended purpose. To hold the 90-trading day value and earn the Nasdaq uplisting. You may only see this trigger pulled in the event the price starts to slide close to this time frame being up. And if that happens, it will be to secure the Nasdaq listing and will have been worth it.

Bottom line is that nobody wants it, but IF it even has to be used, it will be to secure a much larger benefit.