if everyone wanted to buy their SPP allotment in the market today they couldn’t because there isn’t that many for sale.
I think they could have given it a red hot go seeing as you have already passed the 8 million share mark that have been dumped since the CR/SPP announcement ......and let's face it IF the SPP is capped at $2 million as advised by CYP on 6th April, then
$2M / $0.215 = 9,302,325 shares
.... and sure you won't get the 30 cent options if you buy on market but they could expire worthless anyway ?
I am not sure the demand for the SPP is there or the company wouldn't be doing the ring around ? I agree with some on here like @Pledge and @Protagonist - I think the SPP is a bust ?
CYP Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held
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