Morning Sirrobbo,Why would you want to buy shares on the market...

Morning Sirrobbo,

Why would you want to buy shares on the market for 3 cents or above, when you can help out the company by taking up your SPP entitlements?

It makes no sense to me that you would wait around for days in the hope that someone might drop a few thousand dollars worth of shares, yet if you took part in the SPP, you can take up your entitlement or apply for the shortfall.

We all know there will be a significant amount of shortfall as the previous CEO hasn't taken part in any of the previous CR's.
I am surprised the SP has stayed above the CR price for the whole entitlement period.

I still believe MRC will see around 70% uptake from existing shareholders, It will be interesting to see how Scott goes with the new institutional investors with taking up the shortfall, One can only assume this has been positive as MRC didn't extend the entitlement period for shareholders.