Ann: Transformational Acquisition of Pangaea Resources, page-18

Yeah - it should be an illegal scheme as it is anticompetitive, but the ACCC and ASIC don't listen to the retail traders and investors, as we are not organised and voiceless, and so they do what the big end of town wants them to do.

A 30c placement when the stock has been tightly in a range all year is an insult with only a miniscule SPP.