SCL 0.00% 46.5¢ schrole group ltd

Ann: Share Purchase Plan Document, page-6

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    And why is the SPP portion of extra capital necessary when they already had $2.3 million the bank from last quarter and this week raised another $2.5 million via placement. Any unnecessary dilution to shareholders is not beneficial. Just take a look at PKO when the board approved all oversubscriptions from SPP applicants. Caused a major sell off and now their share price is trading at close to all time lows. Let's wait for the upcoming EGM and see if advisors associated with this raise , as well as the SCL board members, seek incentive free options or further performance rights. Odds are very high.
 
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