Ann: Race raises $29.7 million in oversubscribed SPP, page-328

Hi Index

I find your question very relevant, especially when considering an investment such as RAC.

Currently the share price has advanced from ~5 cents to $3.48 and I wouldn't want to be having my allocation of shares sitting in an unclear structure at 70x let alone at what we might hope to ultimately get to.

it seems to me that there's a chance that through oversight or opportunism that shares might not actually get bought, or might get mis-allocated.

Imagine if the platform went broke and you didn't legally actually own the particular shares and you "lost them all". That would be my least favourite.

I also wouldn't want to be delayed while the information gets passed back and forth between multiple parties and thousands of dollars gets locked up.

And personally it's not my bag to desire to make admin people (of which there aren't too many at RAC) chase up rules for allocations of shares in an SPP where 2400 people participated.

But then again, if it saved me around $9 per trade, maybe I'd change my mind!?