thoughts on spp and placement, page-2

For one thought the placement of 15% will be made AFTER the SPP.
Which means if they raise their $10m the number of shares on issue regarding the 15% will be more than the 45m you worked out.

Secondly what vyking said about this being a poker game, regarding the selling of the product is rubbish.
Make no mistake here that the board has stipulated that it will sell the product if it trades insolvent, it's the only recourse it has.

Shareholders have 2 choices, they either do not participate in the SPP, get diluted, then watch their company slowly strangle to death or sell their holding next week before the SP capitulates further, if the SPP fails.
Anybody who intends to hold are masochistic or plain stupid if they don't participate in some shape or form in the SPP.(if they have the money honey that is)
Personally with 17,000 shareholders on the books i hope it will cross the line.
Forget about the blame game here, if you want to protect your investment then up to another $5000 is small change compared to what the consequencies will be come july next year.