I am going to make as bold prediction here about a possible scenario regarding the SPP.
Over the last week of trades we have seen the sp hit 0.003, then an ann regarding the 0.004 SPP and then closing on Friday at 0.005. Makes the SPP look attractive doesnt it. However normally shares go down with SPP's and the number of issued in this Company isnt small. However consolidation is another issue best left addressed when we come to that bridge.
It would be cynical of me to suggest that the price has been manipulated so that the full entitlement of the SPP is taken up thereby requiring an EGM to vote on the extra shares required after the recent fundraising. Yep folks STI is flush with money. Go figure. The dumping has stopped and bingo the price is rising.
Anyway, after this EGM various shareholders will return with their thoughts on the meeting, having being disgruntled already, and further attack the CEO and Company starting the downramping again. So those with subscriptions at 0.004 from the SPP can dump back into 0.004 position really only losing brokerage but restarting the manipulation again on the back of EGM downramping posts.
Now we know that the Authorities are aware of this Company so will this situation if it arises give rise to further attention?
Ethics are such a strange creature when they only apply to some people but not others.
Is this fact or fiction?
Without prejudice
T1
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