when a company offers me shares via SPP i do not complain that they have offered them to me .... I just decide if I will take up the offer. In these circumstances it is dilutionary ........ which forms part of my thinking ........ but better than going broke for the company.
it is always a financial decision for me but at least SPP money goes to working capital (in this case to be burnt and not banked as such) ...... NEVER does an on-market buy go towards company working capital or keeping a company going.
GCY Price at posting:
30.0¢ Sentiment: None Disclosure: Held
