time running out, page-9

I understand what your saying moveonup, but a CR supporting a company and this SPP are two different things in my book. They have hedged their bets very nicely and can cancel it (SPP) at anytime. No stated target, not underwritten and quite frankly they didn't do anyone trading on a SP pre-drill up swing any favours either.

I hate dilution at anytime, albeit it may be necessary for CR's from time to time.

However this SPP
1. No stated share cap and not underwritten (that would have smacked of commitment in my book).
2. Could have offered a 48hr prior to good news cutoff, so you still get what you paid for if you got in early, giving the faithful a thank you well done, so to speak.
3. Is purely set up as a cash grab if things don't go as hoped.
4. Or if they do go as hoped give MEO the option to cancel the whole thing or wind back the shares you actually get to whatever they determine.
5. There's more, but whats the point.

All this doesn't mean the prospective drills or plans won't pan out like we hope and we'll all make a nice bit of change, to say the least. However, quite frankly the way they have gone about this, for myself, has left a bad taste in my mouth. That's why I topped up on market and in all probability will give the SPP a wide berth.

As that gem of an advert said "Not Happy Jan."

That's my 2 cents for myself anyway, cheers.