Hi guys, I was off on a run and I started thinking about who...

Hi guys,
I was off on a run and I started thinking about who this SPP best serves.
Please excuse any conspiracy tone my post may contain.

But.

What is the rationale behind offering a SPP to retail investors to participate in the raise at 20c when retail had the opportunity (and many of us took that opportunity) to buy shares from 10c up?

For the shareholders that took this opportunity, the SPP offers a chance to average up.

So who does it best serve?

*tin foil hat on*

Gilead Sher? Or is he the institutional placement?

I guess 30k worth of shares for Mr Sher doesn't seem particularly worth, although I note the SPP leaves open the chance to exceed the 30k.