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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Mkt cap ! $85.53M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $324.4K | 3.209M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 4028457 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 601008 | 10 |
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No. | Vol. | Price($) |
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49 | 3978457 | 0.100 |
1 | 10000 | 0.099 |
3 | 64000 | 0.096 |
5 | 635842 | 0.095 |
1 | 51814 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 601008 | 10 |
0.110 | 947893 | 16 |
0.115 | 1068590 | 7 |
0.120 | 366328 | 7 |
0.125 | 427823 | 7 |
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