SRI 0.00% 1.5¢ sipa resources limited

Ann: Placement and Share Purchase Plan , page-20

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  1. 6,725 Posts.
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    It sucks. I had shares in a couple of companies that done this, DGR being the worst experience. The $500 parcels sold into every attempt to rally. Fortunately they didn't have a scale back but a first come first serve basis and returned my cheque. I doubt DGR would do that again and whist it is legal it does harm existing shareholders.
    Hopefully some good news happens quickly and the likelihood of a scale back deters many of them. I'll apply for $15000 with the expectation of 10,000. I wonder if the company will have the option to close the spp early?

    Oscar
 
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