This is where it gets interesting.. I reckon a few sellers have decided to arbitrage.. BUT... this is the first time I have seen directors offer to put hands in their pocket.... and it does not close till end of August!! I reckon positive news will come out before then and SP will be way above SPP price... and every man and their dog will apply and be cut back to say $6k *400 (525 shareholders in annual report last year and I reckon 1000 now with multiple capital raises and more news coverage) and I reckon half will apply. Lets see how this plays out. I think it is helping to get loyal shareholders set!
Ann: Share Purchase Plan, page-4
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Mkt cap ! $2.426M | |||
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