Hey guys - I'm invested in a business that is currently doing a SPP that is at a reasonable discount to an (extremely volatile) shareprice.
I'm trying to work out how the practicalities of how SPPs work. (I know it's like an up to 30k placement to existing shareholders).
Essentially, can anyone shed some light on the following:
How long does it normally take to apply and how are applications normally received? What information do I need?
How competitive can they get? This one is on a first come, first served basis - how attentively do I need to be watching the company?
How do you pay and when do funds need to be received by?
How risky is it to sell shares at a premium and buy back in with the SPP at a discount - or to overpurchase and then sell back on market - guessing people do this, so very risky.