I find the market psychology curious. Anyone with 1/4 of a brain...

I find the market psychology curious. Anyone with 1/4 of a brain could tell that the SPP was a lemon. After all who would buy shares at 7c when you could buy below that leading up to closing date and on top of that, the date was extended repeatedly. And yet, when the results of the SPP are announced the market reacts as though it is a surprise and sells down substantially. If it was not so ludicrous, one can only feel sorry for those who actually bought into the SPP, unless it provides them with a tax benefit.

For the record, although a holder, I have had so little invested for some time that I cannot be bothered selling out and who knows, maybe they can find a way to survive.