RE:RE:RE:RE:RE:RE:exro What's particularly interesting to me is the new added restriction on the new class of pref shares whereby under no circumstances can the number of common shares issued on conversion exceed 50% of all issued commons.
To my mind, this would be effected in a US Sub scenario whereby Exro would always maintain control over the Sub but this does not fit with the restriction on Exro pref shares, only the Sub's.
Haven't worked that out in my head yet but Corporate reorganization are complex business. Still think it is somehow tied into the AZ scenario.
BTW, have you noticed the change in Auditor to PWC? Obviously a very prestigious "big 4" accounting firm and although a somewhat subtle announcement, it signals a move to a higher level of expertise requirement. Also, Investors tend to prefer the big 4 firms for audited financial statements.
All good.