I bet the CR will be oversubscribed when the announcement is released on Monday. It's a simple case of were the sp is based on what's unfolding. The sp is on support, so it's heading north on any positive news. It's a given.
HT, sgq are very smart operators. Doing a free options mailout cost 20-28k tops. That's based expenses disclosed in the 5B's. These options have a pretty good chance of being exercised. Infact, someone has already exercised their's in the 3B from 28/2.
This options mailout approach by management will save the approximatly 6% brokerage on a possible 3 million raised or 180k - Net saving 150-160k approx., now that's looking after the interests of the shareholders. It's a good punt I reakon.
Sgq is a very frugal company. Magazines etc, are always looking for news from companies to publish articles. This promotes the company, and 90% of the time, it's free. The advertisers / subscribers pay for the publishing costs. It's the way it works. No funds wasted at sgq, check the 5B.
HT, keep following sgq, you'll see how a quality going places company, with fantastic ground, regroups and bounces back stronger than before.
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