Interesting risk
The way this is all timed is interesting. The email announcing the PP said that the paperwork (contract) had to be sent to the company by Friday. With the spate of recent NR's they have created anticipation. By doing the AGM and the virtual presention tomorrow they are taking a chance. If the updates between now and Friday are same old same old (BTD in later 2024 for example, no more details) then a chunk of the wealthy people who sign up for these PPs could just choose not to join. After all, the price always drifts down anyways unless there is some true driver. If I had a bunch of cash around, my options would be PP on Friday for 0.22 plus warrant or buy a bunch at 0.16 in a few weeks. Which is a better deal? 0.16 I think.
So they are taking a risk that the news this week will inspire enough confidence up to Friday to get enough cash from the PP.
Does that make sense? They have timed it in such a way to lead up to a big PP or to a really bad PP.