The folks at VMOB were awesome to quickly reply to my email regarding the changes in the wording for the SPP.
"It is our intention that the pricing will be the same as that paid by investors in the recent private placement, however the issue price will be subject to an NZX formula, being the lower of:
(a) NZ$0.40per share (being the price payable by investors in VMob’s recent private placement); and
(b) the average end of day market price of the Shares over the seven business day period up to the closing date of the SPP ."
Remember you shareholders can always email investors@vmob.co. Axe likes to axe too many questions :)
http://www.vmoblive.com/company/investor-info/