In recent time, I’ve held one way-over subscribed SPP, Sayona (SYA). I know it’s a different ball game, but people were complaining on the cap raise and that we needed to latch onto bigger investors due to the cap and SOI.
Once they announced the closed spp and that it was over-supported and huge, shit absolutely flew upward. This SPP will get eaten up for all it’s worth, I think bigger investors see that as an awesome sign of a supported penny stock.
TPD Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held