Odd way for SPP

  1. 12,114 Posts.
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    The way the SPP was carried out was a bit strange.

    The manner that the SPP was carried out would suggest that the board wasn’t confident in the response from retail investors.
    OR
    It was a devious scheme to get extra funding by putting it into the short term money market.

    I put in $2500 and only received shares valued at $453 or 18% of my request…hopefully they adhered to this percentage for everyone!

    I struck SPP based on pro rata of current holdings and on occasions also allowing an additional percentage purchase above allotment.
 
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$1.96
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2 50260 $1.96
 

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Price($) Vol. No.
$1.97 15534 1
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Last trade - 16.10pm 05/09/2025 (20 minute delay) ?
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