"Hi Madamswer, I don’t quite understand what you are saying? Have the two directors already received an allocation? The directors don’t get any extra allocation than any other individual who participates unless you are reading something I don’t have"
FYI... from today's announcement:
The two directors received stock in the placement, presumably several multiples of $700:
As for the discount not being that much because the stock has fallen, in terms of holding boards to high standards of governance, what has happened subsequent to the directors getting preferential treatment is not relevant. They share price could just as easily have fallen by less than it did.
"You sound unhappy or possibly angry about something but I’m not sure what. Excuse my ignorance I am relatively new to investing."
Imagine you buy a factory for $10m.
Then at some later point the people who you have employed to manage your factory for you tell you that they are issuing shares in your factory to themselves, and at a lower price than you paid for your shares in that business.
What is your response?
"My comment about the SPP is that it gives existing shareholders a chance to add to their holdings, not always an option and shows appreciation to the fact that there will be dilution."
The scale back on applications will be so big that it won't even be worth the bother applying for SPP stock.
.
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