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spp closing soon, page-3

  1. 1,168 Posts.
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    "Shares are offered at the lower of:
    4.8 cents;
    and the price which is equal
    to a 10% discount to
    the
    five day volume weighted average price
    (VWAP)
    of shares traded on the ASX up to and
    including the last day of the Plan offer period"

    I took up the offer prior to the extension.
    I would hope that shareholders take up their offer and that the price averages .053cents or above for the next 5 days or we could see the so called sophisticated investors picking up the shortfall cheap.
    I think it would be a shame to see an Aussie company with so much potential drift of O/S before realization.
 
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