Well that's a bit radical - withdrawing the SPP totally.
So... was the real reason the share price?
Or was it so embaressingly poorly supported that they withdrew it to avoid a bad market perception?
Well ... given they pitched the SPP right in the middle of a sharp market correction - and they arent actually that short of funds .... maybe they shouldn't be that surprised at the investor reaction and should take some responsibility for a what is a stuff up.
I hope they don't do a convertible note or equity plan, they are even worse options.
Gosouth
SWE Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
