spp, page-27

I spoke with the company last week and the shortfall was around 70%. Meaning they had raised only 1.5m. Now the share price is well above 5.5c I expect a huge flow of money to come in. Remember that Patersons is underwriting the SPP so at this rate they will raise the full $5.5m one way or another.

The question is whether underwriters make money or us shareholders. I have always held 1 share across different entities allowing me to apply for several lots of $15k parcels. I'm sending my money in today. Downside v upside has changed significantly.

I also understand that while the official date of closure is 25th the company will wait until Friday to allow for clearances to occur.

I seriously doubt there will be a scale back. This is as good as a risk free trade as you will get in this market.