Today WLE announced a SPP at $1.44 at 1 for 5. The current price $1.585. The SPP announcement says the allocation is guaranteed.

So this creates an arbitrage situation. If you sell 1/6 of your portfolio today at $1.585, you can buy back the same amount of shares at $1.44 in August. This works out at 14.5 cents per share sold profit.

Eg If you currently hold 60,000 shares, sell 10000 today. Holding is now 50000

August 1:5 SPP on 50000 gives 10000 to repurchase: profit 10,000 x $0.145 = $1450 (there will be tax considerations depending on your initial buy price)