I applied for maximum allocation when the offer first opened...

I applied for maximum allocation when the offer first opened expecting the SPP to close earlier and allocations cut back . As you know that didn't happen and management decided to take full advantage and extended the SPP as well as increasing the offer twice. I would have preferred they stuck to original offer as it would have helped boosting the short term SP it is what it is and probably better for the long term as it puts a few extra $ in company pockets. Instead of receiving just $5M it now has $10M+ plus the recent $8.6M R&D so all up around $20M
If you don't want to apply for shares at 7.8c which even following the recent market drop are still currently trading around 9c then don't do it, its up to you. As far as I'm concerned they already got around $20M so any extra shares issued to you will only dilute my holdings.