The substantial stakeholders wish to increase their stakes for the time that SPT securities are cancelled and converted into shares in the new company - their larger stake can lessen dilution in the new private entity. The total market capitalisation of SPT is $30 mil and there are 550 - 570 million (approx) shares issued, any small purchase could be regarded as an investment against total loss. Average daily volume is about $50k of 1 million shares. In short they are protecting their former investment.
SPT Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held
