spp, page-25

re multiple applications in SPP, the rules are quite clear so just let the people responsible for enforcement do their job.
re: "...so perhaps you should direct your vitriol towards the company's directors...", I don't think you can blame them for raising capital this way:
1. BKW decided to raise some capital. They could have done a placement to wholesale investors and existing retail investors would be in exactly the same position as now. An SPP to existing shareholders would only have raised around $18m(50% takeup multiplied by 2400 multiplied by $15,000)which would be a waste of time.
2. They could have done a pro rata non renouncable entitlement issue but those that didn't participate would be diluted, and customarily they would have had to pay an investment bank a fee to handle it
3. The could have done a deeply discounted rennouncable pro rata issue but the ATO has now decided to tax non participants on the value received for rights rennounced as an unfranked dividend.