This is just weird. They received $2.4 million worth of subscriptions at 23c when the share price was 26-27c. How many do they think they will get at 23c when the share price is 21c ? Looks like they stuffed something up to me. Not sure why they didn’t just accept the original offers with no scale back. It’s common for a stocks share price to fall under a SPP price after it’s finished. Normally shareholders are stuck paying for shares above market price. I Have never seen a situation where they give you a chance to change your mind and get your money back. They can’t possibly expect to get any where near $2.4 million worth second time round. Very weird. GLTAHs
MTC Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
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