Ann: Share Purchase Plan Offer Document, page-63

Hi Hula, but point 3 only says they retain the discretion to accept them, not that they definitely will accept them as your previous post suggested.

So yes if they recieve over they may decide to keep some or all of it (subject to limits) or may decide to return all of it, probably depends how much they need and how much the big boys want to be diluted by the small fry. Think the limit is 30% of issued capital so it would be quite substantial dilution to the big boys if the small fry holders all take up $15000 worth and they then accepted it all.

Anyway, hope that clears up what it actually says for you