Big daddy wants to walk away with the lot. Doesn't seem fair to me, company has an entitlement issue in April at 2.4 cents. I doubt people who took up that issue were risking their money to make 3.5 cents.
Project shaping up and major shareholder wants it all for himself on the cheap. Sure they have thrown their own money at this thing, but come to the share market and put your hand out to the little retail investor for money and then slap them in the face. Threaten the poor sods with delisting the company without reaching 90%. Shame on everyone involved.
IMO if you own shares in this, don't sell one share into this offer, it stinks.
SilentO
SMC Price at posting:
3.5¢ Sentiment: Hold Disclosure: Not Held