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 ! $98.97M |
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12.5¢ | 13.0¢ | 12.5¢ | $156.8K | 1.250M |
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No. | Vol. | Price($) |
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10 | 516746 | 12.5¢ |
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Price($) | Vol. | No. |
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13.0¢ | 1626749 | 16 |
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10 | 516746 | 0.125 |
8 | 624798 | 0.120 |
14 | 1422718 | 0.115 |
18 | 1107070 | 0.110 |
10 | 1124997 | 0.105 |
Price($) | Vol. | No. |
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0.130 | 1626749 | 16 |
0.135 | 934969 | 14 |
0.140 | 787223 | 12 |
0.145 | 258000 | 2 |
0.150 | 528166 | 12 |
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