I asked AIO investor services and they clearly stated that if you apply before the initial date you will be allocated your 1 for 1 entitlement (no additional shares will be allocated at this time) and these shares will be available to trade at the same time as the institutional placement.
The second closing date is the final date to apply for your 1 for 1 entitlement but will also be the time that any additional shares you apply for may be allocated.
Clear?
Dreamcatcher
AIO Price at posting:
$1.25 Sentiment: None Disclosure: Held