Ann: Change in substantial holding from HRS , page-12

rambleon

of course the Directors know how a major Capital Raising is progressing.
and of course there is an expectation that Directors will participate.

There is also a standard clause in SPP offer documents that Closing Dates are "flexible"
but surely,rambleon with your experience of stockbroking have you ever seen an Announcement of a SPP [not IPO] closing early for over subscription? Wouldn't they run the risk of cheques being cancelled ? demands for early refunds etc?

Doesn't it more go that Overscription is announced just AFTER the closing date with all these assurances that partial cash refunds will be sent ASAP?

Anyway I'm not eligible for the SPP.Bought after announcement.

My interest in it is the Market Dynamic that eligible retail holders have been selling to finance and not topping up their holdings,in anticipation of getting their full allocation.
I'm also watching for Stag Profit Taking after issue date May 16th.

So I want it to be Over Subscribed so On Market buying is "encouraged" and Stag Selling is "thwarted".

happy trading