The SPP @1.10 closes on Friday, February 21 so there will be little upside this week. The offer results are announced on the 26th February and new shares trade on March 3. For a few days after that you usually have the argy-bargy of some new stock owners taking a quick modest profit keeping the price around the $1.10. IMO, the week beginning March 9 will see the action.
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- Why Pay $1.10 when you can buy at $1.09/Share
Why Pay $1.10 when you can buy at $1.09/Share, page-67
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