Many questions asked at 2025 Oncosil Medical physical EGM
July 9, 2025
Below is a wrap of the action at the Oncosil Medical (OSL) physical EGM in Melbourne on July 8 2025 to approve various share issues. Market cap $14.6m. Latest balance sheet shows $99.5m of accumulated losses and net assets of $8.6m. Stock was marginally lower leading into the meeting. No formal addresses or proxies lodged in advance and 7-10% against votes on all 6 resolutions.
Q1.Why is Bell Potter getting 6% cash (522k) of the $8.7m, plus options to spend $2.25m buying shares at $1.20, which they'll no doubt quickly sell if exercised.
Answer: The chair... Watch video of exchange via Twitter.
Q2. How does the 100k maximum participation work on the SPP?
Answer: The chair... Watch video of exchange via Twitter.
Q3. If we had accepted the extra $2.5m in SPP applications, would Bell Potter have got 6% of that as well? Why didn't we accept the overs? Us retail shareholders don't charge anything to offer up capital.
Answer: The chair... Watch video of exchange via Twitter.
Q4. Is this EGM being recorded and will a copy be put on our website for the benefit of the
Answer: The chair... Watch video of exchange via Twitter.
Q5. Why not have online participation, especially when changed constitution to allow for online meetings last November?
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