This share purchase plan price at 15c seems expensive. If you...

This share purchase plan price at 15c seems expensive.

If you take out the recent pump in sp over the last 2-3 weeks, the average price has been around the 10c mark for 12 months or more.
It will be interesting to see how far the sp drops when trading resumes on the 24th.

I can only think that Management must believe they have very strong institutional support to price it at this level.

Interested in other opinions.