spp extention, page-8

re: latest announcement - ds, meerkat jae, I have been fairly quiet on the company apart from a bit of banter - but in my opinion - although not intentional, I believe the short term optionholders were shafted by the the 5 cent placement to fund the increase in interest from 25% to 37.5%.

If I had been an optionholder - I would be very pissed off with that decision to increase interest and fund it in the way they did to small investors. I guess that is a risk yet to be played out - but disadvantaged optionholders who had the most to lose (and some would argue also gain - but I don't agree with that).

Would have been better to leave the interest at 25% in my opinion - still good exposure and keep sentiment positive for capital raisings to bigger investors at potentially higher levels.

That's all I have to say.