The issue with this type of cap raise(or rights or SPP) is that it requires a prospectus(with associated expenses) and more time than the company can realistically wait,as well as an uncertain outcome as regards how many will take up the entitlement. I generally prefer current holders are given an opportunity first,but in this case,it would have needed to be done 4-6 weeks ago.
SGC Price at posting:
9.7¢ Sentiment: None Disclosure: Not Held