Aussie Broadband Ltd has SPP at 4.00 each. What is your opinion on whether to participate or not?
A: You and other retail shareholders have been served a bad hand because the SPP is only $10m. I would be whinging to the Board.
It is a bit of a ‘no-brainer’ to participate when the SPP is at $4.00 and the share price is $4.88. What you do afterwards is the question. If it is only $10m, it will be heavily over-subscribed.