I have been very surprised to see the share price sub 2c throughout this SPP period. You would think they would have been able to keep the share price above 2c by whatever means necessary to make this offer more attractive to retail investors. If I had to guess I would say they have a backstop should the shares not be taken up by retail. Possibly an investor with deep pockets willing to take whatever’s left and maybe that’s the reason why the share price has been kept low. If my reading between the lines is incorrect we could be in trouble. Surely the well connected Dream Team can raise a measly $3m! Shouldn’t be that hard…..
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