HUMMMS, We'll just have to wait and see what we see:
> The SPP runs from 25/10 to 15/11 > According to the Announcement === The SPP is 'intended' to be capped at $5 million' === CQT 'reserves the right' to scale back to $5 million total
So, the company is obviously keeping its options wide open: it CAN scale back to $5 million, but is not obligated to, just 'intended' to as at 13/10.
While they can take more money if it's offered by shareholders, they could choose not to based on the premise that future raisings will take place North of $0.48.
CQT Price at posting:
56.0¢ Sentiment: None Disclosure: Held