But if the participation rate was higher in the upper groups,...

But if the participation rate was higher in the upper groups, then you might get 30% allocation.

	Size	Shareholders	Number of shares	Aver shares/holder	New shares / holder	New shares /group	Participation rate	Participation #	Alllocation %
1	100k+	43	129,269,837.00	3,006,275	4,528	194,704.00	100%	43	100%
2	10k-100k	789	18,588,908.00	23,560	7,068	1,673,001.72	100%	789	30%
3	5k-10k	844	6,644,333.00	7,872	2,362	179,396.99	30%	253.2	30%
4	1k-5k	2034	5,447,043.00	2,678	803	147,070.16	30%	610.2	30%
5	1-1k	1488	794,248.00	534	121	54,014.40	30%	446.4	100%
6
7
8		5,198.00		TOTAL		2,248,187.27	41%	2,141.80

But we know only 1% didn't get their allocation of more than 4528 shares, thats 35 applicants. Which means participation rate was low higher up.
I'm guessing its hard for funds to apply????

	Size	Shareholders	Number of shares	Av shares/holder	Av New shares / holder	New shares /group	Participation rate	Participation #	Alllocation %
1	100k+	43	129,269,837.00	3,006,275	4,528	38,940.80	20%	8.6	100%
2	10k-100k	789	18,588,908.00	23,560	4,528	714,518.40	20%	157.8	100%
3	5k-10k	844	6,644,333.00	7,872	4,172	839,876.91	45%	379.8	53%
4	1k-5k	2034	5,447,043.00	2,678	1,419	688,533.47	45%	915.3	53%
5	1-1k	1488	794,248.00	534	121	81,021.60	45%	669.6	100%
6
7
8		5,198.00		TOTAL		2,362,891.18	41%	2,131.10