Have changed it for Dave :
Could you also consider the following :If the total bid for is less than AUD$3m, then you’ll get all you ask for. If more than AUD$3m then there will be scaling back.This is usually done pro rata which I think is unfair but might there be a minimum guaranteed success.If several, say 200, rich cats bid for their maximum AUD$30,000, that's AUD$6m and the rest of us bid for AUD$3m. So, total bid is AUD$9m or 3 X oversubscribed. The simplest (and unfair) way to allocate is then to say everyone gets one third their bid.So,200 fat cats get AUD$10,000 worth of shares each(and associated options) and the rest of us split AUD$1m(and options). Small bidders who wanted AUD$1,000 worth of shares just get AUD$333 worth eachA minimum guaranteed success would solve this. I am not sure how over subscription would normally be dealt with in Oz, but hopefully this idea is useful.
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10.5¢ |
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Mkt cap ! $85.53M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $42.03K | 398.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 1631596 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 463235 | 12 |
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No. | Vol. | Price($) |
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25 | 1614396 | 0.105 |
31 | 2101200 | 0.100 |
3 | 64000 | 0.096 |
3 | 625000 | 0.095 |
1 | 100000 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 463235 | 12 |
0.115 | 537941 | 4 |
0.120 | 570987 | 10 |
0.125 | 627823 | 8 |
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