Ann: Share Purchase Plan (SPP) Offer Booklet, page-16

Itsa - I tend to agree with you on this. It’s all about limiting the dilution v acquiring $$ they possibly don’t need yet. Can someone please check my logic (and maths)? In the scheme of things if they don’t want to raise into the multiples of say $2m- even if only 50% of the number of eligible shareholders take up their allocation- then all those applicants say 2200 are likely to only receive token allocation of a bit over 20k shares? Am I correct please ? To my thinking seeking to raise mega dollars now is counter-intuitive to getting to the 48c loyalty target where the cash to the company is likely more important. Far better to acquire on market & contribute to organic SP appreciation than hobble the SP with an excessive SPP.