Ann: Walyering 3D Seismic Campaign Begins, page-57

My point is about the inequality of the SPP - not wanting a useless debate over getting stock on market.

Most punters will apply for the $15k worth and will be disappointed by the pitiful number that they are awarded - while the favoured clients of the placing broker get what they want.

My second point is that the company will need more money so why not take off the SPP cap and give all shareholders the same opportunity - if they reckon 23c is a good price for mates, then why not avail it to the rest of us????

There will definitely be a scale back and it will be interesting to see how they manage that too.

It's pretty typical of companies top treat different shareholders differently - but it is NOT the right way to operate IMO.

Cheers,
DDD