Ann: Letter to shareholders regarding Share Purchase Plan Offer, page-9

do people think all the insos who are buying the 150m insto placement care about the price for a couple of weeks?.. do you think they are buying it because they dont expect to profit?
whether retail support the raise or not is largely irrelevant, in fact it would dilute the holdings of the instos, so maybe they are happy retail will give it a pass.. and in a few months i wouldnt be surprised if any shortfall is simply reoffered to instos.

i maintain the view this is an exercise of weak retail hands dropping their load into insto hands