"Someone with a large holding is trying cap under the SPP, so that it creates an environment of ‘why contribute capital under SPP when I can now get shares at a discount’"
The oppies are worth quite a bit. Say $15,000 in the SPP = 416,666 shares plus 1:1 oppies. Say it runs to 10 cents that's combined worth $68,332, includes exercise cost.
to buy around 683,320 shares on market it needs to drop to 2.2 cents.
This is the problem with oppies in placements
4DS Price at posting:
3.3¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)