Yes.... If only the shareholders with +10,000 shares or more participated, that's still 665 people who only get a $1,500 allocation each.
If only half these people participated , that's 332 people who would only get a $3,000 allocation each.
Let's halve that again saying only 165 people participated, that's still only a $6,000 allocation each.
You would be crazy to sell $30,000 worth of stock today at 27c to then only get back $6,000 worth in the SPP.
The SPP is actually super positive as it gives them another +6 months to get the best sale price possible with little dilution.
Ann: Security Purchase Plan to Advance Continued Development, page-27
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15.5¢ |
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Mkt cap ! $30.51M | |||
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| Price($) | Vol. | No. |
|---|---|---|
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