I personally took a position that 20c was a good price for the SPP. I also put faith in MEO management that they were given us shareholders a chance to increase our holdings for being faithful to them. Dumb or not, I made my decision. I for one will not complain if at a later date MEO do a CR without shareholder options. We have had our chance.
All that aside, I was also of the opinion that with so many irons in the fire it was too good an opportunity to pass up.
For those other Meomites that took up the SPP, congratulations. Time will tell if we made the correct decision.
Good luck to all long term holders.
MEO Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held