I was sitting on SSN when they announced their SPP a month or two back. SP dropped dramaically just like VIL did so the SPP was underwater upon application close date. Like VIL they extended the offer (by 1 month in their case) and only days before the second expiry they came out with a great announcement. SSN SPP was heavily oversubscribed from applications all in the last 24 hours. SNN SP is up 200% since then and I'm happy to say I'm still holding.
The extensions to the SPP are potentially significant and give hope. It's when they stop extending it without any news that we need to worry.
VIL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
