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Why didn't they mention the SPP for the normal investor when the...

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cuppa

9,553 Posts.

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11/05/20

21:57

Post #: 44561199
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Originally posted by MostPalone: ↑

I think everyone needs to chill out a little!
They announce the cap raise and everyone complains its only to sophisticated investors.
Then they do a SPP and everyone complains that if it was oversubscribed why are they coming to shareholders for money?
Seems like people are going to be unhappy regardless!

I can confirm it was DEFINITELY oversubscribed because I took part in the raise and didnt get the amount I asked for and that goes for everyone I know that participated!

Have you thought maybe there are no ill motives behind the SPP? That is wasnt because they couldnt get it all from sophisticated investors and maybe they wanted to reward current loyal holders?

I think a lot of people are being super critical here and certain people have "buy" and "held" but also say this is going back under 0.8c. Why hold then?

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Why didn't they mention the SPP for the normal investor when the CR for sophisticated investors was announced? You cant see how people are believing how it wasn't oversubscribed?They make it look like the SPP was an after thought.If you cant see how this looks,then your blind.It may not have bad motives about it,but doesn't look good.It's no surprise to see the sp go to .009,and maybe lower tomorrow.Most stocks act the same when capital is raised.It is what it is.

WNB Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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Why didn't they mention the SPP for the normal investor when the...

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