earlyrise
Your last statement
"The Company has a discretion whether or not to accept an application for shares in addition to a shareholder's entitlement thereby keeping space in the shortfall pool for the $4M underwritten amount."
Are there any rules or common practices that govern this?
For example - does the first come, first served rule, apply?
Say a holder has 60,000 shares, and would be entitled to 20,000 shares but for whatever reason decides to apply for 100,000 shares (or a shortfall of 80,000).
Would that be likely to get knocked back?
Or else would the shortfall of 80,000 be scaled back to a lower figure like 40,000 or perhaps 30,000?
Using those numbers above, if that investor applied for a shortfall of 10,000, would that be more likely to succeed?
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Best guess at amount raised in placement., page-173
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.68M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $97 | 9.685K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32949 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 171697 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32949 | 0.010 |
4 | 1992152 | 0.009 |
3 | 351251 | 0.008 |
3 | 542850 | 0.007 |
2 | 410000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 171697 | 2 |
0.012 | 255512 | 3 |
0.014 | 83332 | 1 |
0.018 | 166666 | 1 |
0.020 | 2014245 | 3 |
Last trade - 10.19am 09/08/2024 (20 minute delay) ? |
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