Ord) Maybe they want to raise in excess of 5mil?

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aceisme

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04/08/21

19:30

Post #: 55035476
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Originally posted by theronswanson: ↑

In lockdown in Brisbane, trying to entertain two small children and work full time from home with a packed day of meetings. Not the easiest day, but feeling for you all in Sydney at the moment. Checked the SP this morning and was glad to see it up a smidgen after a couple of days of meh. Finally checked again this afternoon and . Danced a little jig.

Just reading the comments about the SPP, it's worth noting that this morning at 11:17am there was a tweet reminding everyone that the SPP is open.

Read into it what you will, but if the SPP is already oversubscribed, would they be bothering with a reminder?

There are a few potential answers I can think of:

a) No, we are still looking for cash and we wouldn't be reminding the world to subscribe if we weren't still looking for cash.
b) Maybe the piles of cash coming in via BPAY is getting invested somewhere in the short term and the CFO is making hay while the sun shines and the more cash the merrier.
c) Whoever does their marketing scheduled the tweet a while ago.

B seems risky - surely it would be in escrow somewhere.

C seems unlikely - you don't schedule tweets for 11:17.

A seems most plausible - maybe they had a meeting from 10-11am to talk about the SPP and came out of it saying 'we need to ramp this up, put something on Twittter', 17 minutes later, there it is.

Just sayin' (Just sayona'in)

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d) Maybe they want to raise in excess of 5mil?

SYA Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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