I think the SPP will be over subscribed as the share price has held above the issue price.
As a result SH will only get shares on a pro-rata basis which means you wont get your full allocation!
However, I believe the company is heading towards being cash flow positive in the near future
which should inspire confidence and see the share price improve dramatically!
So I would say any shares acquired at 7.7 cents represents good value IMO!
Ann: Invitation to Participate in Share Purchase Plan, page-42
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