Ann: AGM Chairman Address, page-3

This explains why the board did not go for the SPP:

"Earlier this month the growth potential for Alcidion was validated with Australian top tier institutions investing $16.2 million through an Institutional Placement. The funds allow us to accelerate the scale of our business globally starting with expanding our existing markets. We will also be identifying opportunities through partners or acquisition to enter new markets over the coming years. With the addition of these investors, we now have a more balanced share register which we believe will benefit all shareholders over the coming years.

We were in the fortunate position of being able to raise sufficient capital in the Placement with an excess of demand which we had to scale back. The board did not take the decision lightly to only proceed with this Placement. On balance we decided not to proceed with an SPP for a number of reasons including a consideration of the Placement price in relation to close price, the considerable additional costs and the substantial hold an SPP may have placed on the share price at 18 cents for more than a month as it was completed. "

And it the other words, the company expects more news to come (or SP to rise), if you look previous dates when director purchased shares on market, then you will get some ideas when the next ann drops, so I say we could see them by the end of this month.