How did you arrive at an average price of 16c ? The average is for the 5 trading days this week isn't it (being the 5 days prior to the issue date). Those participating in the SPP already have their offer in. The higher the share price gets this week the less shares will be issued. Similarly, the lower the price, the more shares the participants will get. Either way, the money the company will get is now fixed. Should be interesting.
AGM Price at posting:
0.0¢ Sentiment: None Disclosure: Held