I am more concerned about #4.12 of the FN Rule Book (see below) re. the complete and instant disclosure of new shares being issued by Company, which I think is the main reason Penser Bank has held up the listing of SIAF. B/c the way SIAF has been handling disclosure of share issuance is totally inacceptable on FN and would jeopardize PB's reputation as the Certified Advisor. Note that b/w May 9 (the date they last met with PB) and June 30, 2013 SIAF had issued 5m more shares that would have been inevitable from past commitments that PB knew very well about. That's why PB wanted to see dilution come to an end by virtue of a bond or other means before they would submit the listing to FN.
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