spp discussion, page-139

Hi Sharks. There is an easy answer to the discount problem. It's called a Rights Issue. All holders have an entitlement based on their current holding (pro-rata).

With a rights issue it doesn't matter how big the discount is because the entitlement is proportional to your holding. Thats fair to existing holders and maintains a higher SP relative to a holders average buy price. IMO It's fairer, it's less diluteive and it raises the same amount of capital. So why did they do an SPP instead is all I'm asking ?