Adam, Barbara, Charlotte and Dominique are shareholders and directors of Imaginary Name Pty Ltd ("Imaginary Name").

Imaginary Name is very successful. Adam, Barbara, Charlotte and Dominique think that Imaginary Name should grow much more and should access much more capital. One hundred people (none of whom is an employee or a creditor of Imaginary Name) would like to become shareholders in Imaginary Name.

Discuss whether Imaginary Name can issue new shares in order to access more capital