I've been watching this stock for the last few weeks and slowly...

I've been watching this stock for the last few weeks and slowly was gathering my investment case. Looks like price had consolidated at 0.28cents. Spewing i didnt commit earlier. I literally want to regugiate my bowels. Maybe its now too late for risk free gains...

What is generally the eligibility criteria of a share purchase plan? If i buy a small parcel on 11 august will i be eligble for the 0.31 cents purchase plan offer once offically released? If thats the case then what incentive is there for ridiculous buy orders of 0.4 cents that exist now? What happens if there is over prescription for the share purchase plan? Which shareholders take priority? First come first serve?

Interested to hear from more wise investors in the community.