The stock is fairly illiquid so whether you can buy it today or...

The stock is fairly illiquid so whether you can buy it today or tomorrow at the same or a better price is questionable and unreliable so the best way to get the shares is cost free through the SPPt plus buying on market doesn’t provide the company with the capital it needs. Pattos are the underwriter and get they get paid even more for every share that gets knocked back under the SPP so by choosing not to participate you are diluting yourself to paying Pattos more to then place the shares latter with some other 708s clients of theirs.

If you want to hold back and see how things progress first before considering putting more capital than that is a fairly sound move, but if UCM make the strides they expect to do this year then you will likely pay a higher price at that point in time. If you think UCM and their new acquisition are good (accretive to value) and the SPP price is the same or lower than the next available sell order on the market, then what other incentive do you need. To knock back the SPP at this point you’d either think the opposite of UCM and their acquisition (thus the SP will go down) or you’re tapped out of capital to participate which is fair enough a reason.

I’ve bought my position on market post capital raising with no incentive other than I think the SP will be higher over the coming years. For existing holders idk what else you would need when the only difference between you and the placement is a few deep out of the money oppies. They paid 15cps and have not gained much so far by participating themselves and could’ve done better by buying on market too.