SYN 0.00% 0.1¢ synergia energy ltd

33c seller, page-7

  1. 24 Posts.
    You need to understand the difference between the SPP and the placement. Under the SPP, $5000 is the maximum allowed by law without the issue of a full prospectus. The company doesn't have a choice on the amount.
    The Placement is limited to "sophisticated investors" which if you check the definition, requires assets of at least $2.5m or an annual income exceeding $250K.
    It's not a matter of giving larger investors preference. It's playing by the rules.
 
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