HS, re your comment: "What amount will the directors take up? I predict a big fat zero! IMO they will use the raising to pay for their salaries until the cash runs out then ask again."
What concerns me most is that the SPP only deals with over-subscriptions; AS IF!
What I would like to know is what plan B will be if they can't get 130 odd shareholders to put up 15k each - are they going to pass the hat around the boardroom table to make up the difference?
Who will put their hard earned into the SPP unless there is a commitment by the Directors to cover any shortfall? Not me!!!
EE.
Sentiment is Hold as there is no way out of the Lobster Trap!
Ann: Share Purchase Plan and Company Update , page-22
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