An IPO that needs to give away $800K worth of freebies as incentive ?
That is 20% of the register gifted to the brokers, to be allocated at the discretion of the lead managers. Then look at the 9M options at 30c, around 40% of the register to cap the price at 30c ...
If they get this IPO away, the aussie market are dumber than I thought
@Erg0ph0bia surely this is a gee up ? How much has SOC torched on this ?
A cash sale would be ideal, but you can't rip fees out of that !
Ann: Trading Halt, page-22
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