I guess by “bring the price down” you mean from highs of 0.008 (and briefly 0.009). Yes, agree, - of course from that point of view. It’ll probably bring the price down from 0.007 also. IMO - the price will “be bought down” but REMAIN at 0.006 until this SPP is closed.
Obviously you’d be a fool to buy higher on market if you’re given the opportunity to buy at 0.006 SPP.
Obviously you’d be a fool to buy at 0.006 SPP if you’re given the opportunity to buy lower on market.
Simple as that
The only exception is for the people who did not hold on Monday 10th, not offered the SPP, and want in!
Ann: Capital Raising via Share Purchase Plan, page-43
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