APT 0.00% $66.47 afterpay limited

Ann: Afterpay closes Share Purchase Plan, page-26

  1. 28,707 Posts.
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    Rubbish. This is no different from every other company who requests the $15,000 under Stock Exchange rules. I have been in several of these SPP in the past, and the holding of the excess over and above what the amount of money used to get your cut-back allowance is returned to you in ALL CASES IN EXACTLY THE SAME WAY. APT wasn't to know how many shares holders would be cut back to until they received the acceptance of this offer.

    You accepted the conditions of the offer. It was utterly your choice to Accept or Reject. Presumably you'd have known that you would be cut-back and that you'd definitely make money from accepting, whereas you could have thrown in your dough of $15,000 into the market and not have made $1,000.

    Talk about wanting your cake and eat it was well. Sheesh.
 
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