RAC 6.80% $1.89 race oncology ltd

Ann: Race Oncology Share Purchase Plan Opens, page-344

  1. 6,725 Posts.
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    I would like to know whom does it inconvenience and why?

    We are talking about 30K here and not 3K. People don’t keep money idle to catch dust in this low interest environment. Not every retail investor has earned/ saved that much - we could have college students, unemployed, housewives, retirees or any other type of investors who need time to source the funds. Just because 1000 out of 9000 can have ready funds doesn’t make it right to close the SPP within 2 weeks while the announcement said 4 weeks. If that were the case say first come first served.

    If you are rushing it then you can’t get financial advice like the prospectus suggests. You don’t have time to think and make an informed decision.

    Not every SH would have attended the AGM or be on HC to benefit from the discussions. They would have received an email from Automic, try to digest what is happening, understand if they are eligible to participate, think, seek advice, think again, source funds, figure out how to participate and transfer funds etc.,.

    What if they are travelling or indisposed for whatever reason? Should they miss out because others were clued in and they weren’t?

    All I am saying is keep the SPP open for at least 2-3 weeks for people to understand the SPP, source the funds and make informed decisions.
 
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