share purchase plan

I had a call from QHL tonight asking if I was going to participate in the SPP.

Answer = "Why?" was my answer. They are trading at 20 cents. The SPP is for 20 cents and as a long term shareholder I'm not rewarded by being offered shares at a discount to market.

My prediction is that very few shareholders will take it up unless the SP moves up and holds at a price higher than 20 cents.

QHL probably haven't had anyone take up an allotment yet so they are ringing around in desperation. My advice save your time and my shareholder money and don't ring around. A saving of broker fees does not make the SPP irresistable.