the SPP is available for about 9000 shareholders.
How many of those visit hot copper?
Not very many, I don’t think.
Why? Daniel posts a lot of great stuff on hot copper, but what are the most number of thumbs up has he ever received?
three hundred, maybe?
if all 9000 eligible share holders visited hot copper, how many thumbs up would you expect from them (even taking into account one person holding shares in more than one account)?
I suspect of the eligible 9000 RAC share holders, only a small percentage, say 10-15% have ever logged onto hot copper, and fewer would have participated in Eddy's survey.
Therefore, if the people participating in Eddy's survey have managed to clock up 25% of the $28m to be raised, then I suspect the share purchase plan will be over-subscribed.
SPP Survey, page-115
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