I think somebody is pulling our chain and making extra $$$ on this SPP. While I am told by Automic that I have been allocated 50% of my shares I applied for, nothing has been added to my holding since, nor has my money been returned. They say they have to send a cheque to NZ if we dont have an Australian bank account. In the past, when letters have been sent, they take weeks to arrive! Then of course I have to bank the cheque and wait for the funds to clear. This is a lot of money and Automic cant even give me a date when shares will be added to my holding. Never again will I participate in a SPP plan, when the share price dips below the 'supposed sale' price offered, and your money is tied up for at least a month!! Somebody is laughing, and its not me!! Is anybody having the same experience or has everybody got their alloted shares??? I would appreciate some feedback.
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