share purchase plan offer, page-10

Morning All

Spoke at length last night to a friend of mine who is also an Oropa share holder and several questions came to light.

Why do we need a further cash injection? If Blackwood put forward ALL of the money that management asked for, why do they need more so quickly? And if they do need more, why aren't we getting our shares at 2c or even 1.3c like Blackwood investors did?

Either way, if management is being fair dinkum when they say "this offer is intended to reward the Company's many long-term shareholders for their loyalty and continued support", the same question needs to asked - Why aren't we getting them at 1.3c or at least 2c!

If shares go down in the next month (which short of news is more than likely going to occur), then fine, we can grab one, two or five grands worth to top up if we so desire. But hang on.....

Who in their right mind is going to lock themselves in to purchasing shares at a price when they have NO IDEA what the said price of the shares will be come the five day period - 15% reduction or not!

If news comes out after you've locked in your five grand and the share price goes from 2.8c to, lets say 6c, do you reckon you'll feel happy? Course you won't.

All you'll be thinking about is why didn't my loyalty get me the same consideration as the new players?

I will happily stand corrected on this, but isn't the share price tanking until AFTER the shares are issued, the only way being involved in the SPP actually benefits the loyal shareholder?

Welcome views (similar and opposing) on this issue.

Regards
Reichman