RAC - Charts & Price Action, page-9799

Numerous shareholders here were unhappy with previous raises to instos that trade or aggressively flip the stock.

If management had done a raise to instos there would have been lots of retail shareholders complaining.

I’m fully supportive of the strategy to prioritise retail investors that understand the fundamentals and the strategy ( and have patience ).

I think we will find based on comments here today that some retail are laggards in the participation. This is why I think there will be strong support in the last week the SPP is open.

I’m speculating participation rate follows a U shape.

Something like this:
( subscription rate on left access )




There will also be some short-term money take up the SPP and I think they will leave their subscriptions to the last minute.