The director is just being smart, why pay 5cps when he can pick up on market at avg 4.8cps? Or was he trying to support the SP at the same time? Only he will know. Not sure who were amongst those who subscribed to the SPP, I wasn't one of them as I managed to pick up some at 4.7c.
My concern now is that DLS will need to do a private placement at a discount (of at least 15%) to market price if they still need to raise the difference from the SPP.
Anyone has any thoughts about this?
DLS Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
