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12/01/18
10:34
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Originally posted by rodoe
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Holder from just before the big price dive (as per my usual timing)and now wanting to claw back some of that by selling at todays prices and grabbing some shortfall shares at 10c .
Now, if I sold today the shares I own today, money won't be in ANZ bank account till 22nd. I understand that it will be too late to get my entitlements (only got prospectus last night), but am I correct in assuming that I will be on time for the Shortfall shares as point 4.18 on the prospectus states, "The shortfall offer is a separate offer made pursuant to this prospectus and will remain open for up to one week following the closing date", so should scrape in BPaying morning of 22nd, but am I correct?
Secondly, a more speculative question, what are the chances of selling my shares now and applying for shortfall shares only to miss out due to oversubscription?
Thanks gurus for your help.
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Could be risky. From memory I thought the WKT board can choose who gets any shortfall. Unlikely we are at the top of their list! %-) GLTA