I think not. $30K is for share purchase plans only.
This situation isn't a share purchase plan; it's sub-underwriting.
With sub-underwriting, you have to make a binding commitment in advance, and without the protection of a prospectus.
That's why it's limited to institutions and sophs.
More info:
LInk: Sub-underwriting
Example: DXB had sub-underwriting for their latest issue.
IMO the fundamentally unfair aspect is that soph status depends only on assets and not on passing a financial knowledge test.
Since when does having assets make someone wiser?
Meanwhile, non-sophs are free to "invest" in foreign exchange contracts for difference which are advertised on the radio.
Go figure.
IMO, happy to be corrected etc.
RAC - Charts & Price Action, page-18642
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Last
$1.84 |
Change
-0.025(1.34%) |
Mkt cap ! $313.3M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.91 | $1.81 | $257.6K | 138.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26825 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 759 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |