Hi Actually there is no guarantee to get a pro rata allocation when it’s at ‘Director’s Discretion.’ Some investors may get pro rata. Other investors may get none. It’s a lottery. Funds will be tied up for several weeks and will likely get returned as a cheque which takes days (If not a week) to clear.
I know cause I participated in the WOA CR recently and got nil for a 20k offer. I subscribed as soon as the CR opened.
Employees of ID8 will likely be given preference in this CR.
I prefer to hold and buy more on the dip, than risk a CR unless all subscribers are guaranteed to get some of their allocation. Else all you may end up with is no shares, a huge hassle and the opportunity to ‘pump’ the stock for others on the news of an ‘over subscribed’ SPP.
My recommendation is to wait to the last minute (allowing time for EFTPOS transfer) before deciding to participate. The SP might be close (or below) the SPP price at this point anyway.
ID8 Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
