It is interesting seeing the differing opinions on here and it was certainly interesting seeing the fear factor kick in this week with dumping of options with over 8 months to expiry. While I am cautiously optimistic on the news IMO this SPP is not a good deal for holders. What I especially do not like is the underwriter gets 10 cent unlisted options for 3 years time and we get zip for our contribution.
The market appears to agree with this sentiment with hardly any trading on the heads. I believe the market is waiting to see if after a successful SPP will the share price stay above the price of the newly issued shares before jumping on board or are we going to see more selling once the 20% discounted shares hit the market.
It is interesting seeing the differing opinions on here and it...
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