SPP results, page-72

I agree did seem poorly managed.
I realised belatedly I actually received offer documents in the mail - after the SPP cap raise closed fortunately or I would have tried to take some allocation up .

I simply believe offer documents were sent out to shareholders who were actually ineligible ( including me ). And that the CR was very hastily organised after what was weekend publishing of positive overview of the company in a FEC newsletter .
To avoid being accused of a pump caused from that , then having a CR announced into it - clearly they went immediately on the Monday morning . The opportunity to participate was only to existing shareholders who held as of the previous Thursday / Friday , which was fair , but on top of institutional investors?
Overall clearly they did not wish to tap the market for much money at lower shareprice .

Warwick Grigor in his comments had even flagged that in his opinion CYM had great potential, was unseen and under-appreciated truly by the market and possibly being held back by low funds in the company coffers and the likely need for a CR ? ‘soon “.
I bought on the Monday morning , or immediate days after and could understand why the company did as they did to immediately initiate a raise , and at strike pre- that publicity & company attention which effectively gave a “plug “ to CYM and the shareprice.