I am wondering why I apparently didn't receive my full SPP allocation of shares, for our 3 accounts. For one, I paid $10,000, and received 397,931 shares. But $10,000 divided by the price per share of $0.0251 = 398,406.37, so I expected to receive 398,406 new shares, which is a difference of $11.93. Similarly for my other two accounts. I have always understood that the allocation is rounded down to the nearest whole numbers of shares. Can anyone explain a mistake in my calculations or assumptions? The only explanation I can think of is that the share price used was 0.025129984, not 0.0251 as published.I will contact Automic on Monday and ask them.
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I am wondering why I apparently didn't receive my full SPP...
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3 | 650000 | 0.026 |
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