4 questions lodged at 2025 Vitasora Health virtual EGM

Q1. When structuring this $11m capital raise, why was there no SPP for retail investors after the placement?

Answer: The chair Nicholas Smedley said that was the advice from ticket clipper Bell Potter and MST and an earlier SPP for retail had not gone well. Watch video of exchange via Twitter.

Q2. Bell Potter and MST Financial ran the raise. Did we tender this job and why were the fees so high?

Answer: The chair said the job was tendered, he was delighted to have them on the job and the 6% cash fee paid was standard. Watch video of exchange via Twitter.

Q3. I'm a relatively new shareholder. The latest balance sheet shows $150.8m of accumulated losses and net assets of $14.7m after a $10.7m loss in 2024-25. Could the chair briefly summarise how the $151m was lost and what, if any, mistakes he believes were made along the way?

Answer: After twice promising general questions once the 4 items of general business were dealt with, chair Nicholas Smedley failed to read this out and promised a private letter setting out the corporate history. Watch video of exchange via Twitter.

Q4. Well done to Nicholas Smedley for supporting the raise but is he concerned to be paying 3c when the stock is now 2.4c?

Answer: This should have been asked by the acting chair who dealt with item 3 on Smedley's 250k participation in the placement but it was ignored when the resolution was dealt with and also ignored by Smedley himself during the general questions segment at the end.

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