Ann: Lucapa launches A$1.5M Share Purchase Plan, page-8

How's this for some twisted logic?

Nothing has intrinsically changed in the fundamentals of this (IMO) already undervalued company. The SP halving is only a loss if you hit the sell button.

Hence, the opportunity to buy at 2 cents with some added candy (options) is too good to pass up. However, the dilution is still nasty.

(I think I'm way past the point of applying sensible logic to this ticker, so no argument if I get called a madman!)