Hi mtneng, I assume that you refer to this section?This is...

Hi mtneng, I assume that you refer to this section?



This is actually in reference to the overall value of the spp rather than scale back of the $30k max in the event of over bidding. The update specifically refers to scale back now.

In addition, I saw an email earlier in the week from Imugene that confirmed there was no scale back, thus my confidence in this being reason for the update.

Irrelevant now anyway, all that matters is that anyone taking place in the spp needs to be prepared to receive less than they ask for should the 5-day vwap be under the companies threshold. I suspect if the raise price(5-day vwap) is too low, there will be scale back so as not to dilute more than is acceptable to the board, or if the price is closer to the 0.084 level then they will allow increased raise amount. It's all about the bang for the buck.

I personally hoped there would be no scale back and the price would drop so I could maximise my exposure. Now, all I can do is hope that if the price drops, not enough holders will take up their allocation allowing the board to accept my full bid.

Money for jam imo.