How many of the 12,000 shareholders are actually active in their own sense and would consider reading the paperwork (or email) when received?
How many are Aussie based?
How many would actually have the $30,000 to send off?
The numbers of serious investors start to dwindle when considering the above but no doubt will still be oversubscribed.
Those with shareholdings with a value under $500 may not even be considered and receive a full refund.
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- Ann: Peninsula Energy Securities Purchase Plan and Placement
Ann: Peninsula Energy Securities Purchase Plan and Placement, page-42
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