Will be applying for my full entitlements here, have a couple of different accounts (personal, SMSF etc), hopefully we don't get scaled back.
Pattos will be hoping this sits fairly idle until the end of October to soak up as much of the placement stock and underwriting as they can.
Anything over 2c will likely see current holders selling to take up entitlements. At 1.8c / 1.9c probably not worth the effort of selling 750k shares to apply and buy back if there is a risk it gets scaled back.
Agree though, once SPP is complete this has insto support from the guys who ran ISN from 5c - 80c+ on a very similar MHealth style product.
So all should be hoping for a quiet October, get your SPP entitlements and full gear come November
ALT Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held