Entitlement Offer - cheat sheet, page-3

Hey CI,

Not advice, just my opinion.

It's an interesting proposition right now given we're being capped right on the break-even point. Since the offer is open until 19 Feb we have the luxury of time so my strategy is to do nothing. I will wait and watch and assess closer to the closing date. I'll be watching for company news and also the pattern of trading. If there is an algo keeping this at 10.5-11c I would expect the brakes to be released once the offer closes. They will be looking for maximum shortfall shares so there is plenty of incentive to choke the SP until 19 Feb. Any good news on any number of fronts and they will have to work harder to keep it capped and it should be obvious if this is happening.

As far as applying for shares, my strategy will likely be to apply for as many as possible in my long term account. I have money aside and absent any left-field shocks, I will go for my allocation and a decent shortfall amount. Given a five-year plus outlook, I'm happy to support the company on this.

My other account has money aside to take advantage of the algo games (like Jak said the other day, you might as well learn their game and play it). I probably won't take any allocation, or only minimal, in this one.

Just my thoughts and things can change in the meantime. Life has a habit of interfering with your plans. For instance, my daughter is having an operation soon and I am paying privately for a good surgeon and private hospital. Nothing super-serious, but also not something we could plan for. Anyway, hope this is helpful.