Originally posted by Therookie88
this raise was clearly all about speed and maintaining momentum... virtually set a price you know is gonna be fully subscribed grab the quick cash and keep moving...
SPP would been drawn out but I'm sure they could of got full subscription even at 30 cents with 1 for 2 attaching options by current holders
obviously they went for speed and as retailers we all feel ripped off, but speed may be key rather then a bit of dilution after all "time is money"... may mean bulk product gets out to offtakers sooner, other works in parrellell keep rolling and DFS stays on course for mid year
I will reserve judgment for a while and see how this plays out..
Agree SPP would take too much time and damage SP further.
My theory with this discount CR is the same investors who paid 50c are involved in this one.
Patersons doing the raise again and same wording on who was involved.
So would hope this puts a halt to SP slide, and we can move on with good news to come.