Ann: Acusensus Share Purchase Plan opens, page-5

The SPP looks attractive based on what's happening, but with only $2 million worth of shares up for grabs and 991 eligible shareholders, a scale back is pretty much guaranteed. Here’s my take on it.

If everyone applied for the maximum $30000, the total demand would hit $29 million, so way over the $2 million cap. Obviously, that’s not going to happen, but it shows how tight the allocation might be. Let’s say the average application is smaller..around $5000 per shareholder. Even then, total demand would be about $4.96 million, which is still more than double the cap.

A scale-back in this scenario would likely mean around 40% of what you apply for. The small holders (1–1000 shares) which is 126 shareholders in this group might only apply for smaller parcels ($2,500–$5,000), so they won’t drive much demand.

The mid tier and larger holders are the key drivers here. The mid tier has 755 shareholders and larger representing only 110 shareholders, these are the ones who’ll likely apply for the full $30000, pushing up demand significantly. It's clear the SPP will be oversubscribed, but that’s actually a positive sign.

It shows strong interest in ACE, and a limited scale-back is a good problem to have. The $2 million cap on the SPP feels pretty small considering the retail demand, especially with the share price trading so far above the $0.90 SPP price. Let’s be real, this prioritises institutional investors from previous placements over retail holders like us. It’s frustrating yes, but at least it shows strong interest in ACE overall. And I doubt the placement will affect the SP that much either based on it being only $2M. I expect some instant profit taking, but again they would be pretty short sighted.

There's some major FOMO going on at the moment! GLTAH, very exciting.

If they land a contract in UK or US in the short term (which is highly possible) this SP will explode.