Ann: CardieX Completes Placement & Intended Launch of SPP, page-10

I agree with you Lucretious. SPP is simply an olive branch to us retail LTH. I speculate the no option attachment to retail is due to how the last option conversion played out. Whilst the plan was successful in that most of the options were converted, it acted like an anchor on the SP. I suspect they would want to avoid such a situation again.

Good to see the directors pouring more of their own money in but the 15% discount is fairly steep. The share price reacted well to the over-subscription of the late 2020 SPP so hopefully we see the same sort of action again with good news to follow shortly. Also worth noting they might take more than the $1million allocated to retail as they did last time which could mean no scaling down if heavily over-subscribed. Will I be going for the full allotment? Hard to know, I'll read the prospectus first.