The announcement of 11th was extremely positive, and timed two days prior to the closing of SPP entitlements. My question to those more knowledgeable than me is, if we now, after SPP entitlements closing get a negative announcement have the board left themselves open to legal action? If so, one would expect a positive announcement because surely they would not want to be in such a position.
Just one other point about the SPP price V the market. If going through a broker, then about $500 worth is not too different via the SPP allowing $90 brokerage. The SPP is also more advantageous to the buyer because it places the company in a better position, having provided it with the capital rather than a third party, and the increased capital in the hands of the company provides more surety surrounding the buyers equity.
ORS Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
