When I spoke to management about 9 months ago, I discussed the...

When I spoke to management about 9 months ago, I discussed the discounted DRP and they said that was a special situation based on the IAP purchases that were going on at the time, and unlikely to be repeated. Because I take a benevolent view of management's strategic abilities I am assuming that the discounted DRP is aimed at retaining the cash is for a specific purpose (although that might just be to minimise leverage on the IAP purchases, as the 360 group likes to make a point of being debt-free or having minimal debt, particularly as interest rates rise).