Ann: General Meeting & Share Purchase Plan - Timetable Update, page-7

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informativeation

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17/04/24

12:32

Post #: 73386089
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Originally posted by pablo2: ↑

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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You guys and your delusions are hysterical

Come on now, massive over subscriptions, scaling back, unfairness, fat cats…….stop it, my guts hurts

Wait for the quarterly and the + $3500 AISC…then the promises it will be better…..again!

If the fat cats wanted the $3m spp, it would have been underwritten and given to them.

Its too much, you guys need to stop. There’s optimism and then there’s just a straight up Circle Jerk.

Last edited by informativeation: 17/04/24

CAI Price at posting: 12.3¢ Sentiment: Sell Disclosure: Held
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