without pointing out the obvious, you can buy the shares on...

without pointing out the obvious, you can buy the shares on market at the same price as the Placement.

The instos were guaranteed shares at 2.0 cents. There never was a guarantee that shareholders would be able to purchase at 2.0 cents.

they couldn’t do an SPP as they have done one within the last 12 months.

Really? I've never heard of a "one raise per 12 months" rule before, and I've been a holder of many companies that raise multiple times per year. Can you point me to the relevant docs that support your statement? You're suggesting they can't do a rights issue either? Or an SPP dependent on a shareholder vote at an EGM?

as a shareholder, what else do you want??

Well, at the least, a little respect from management and equal treatment.