POS 12.5% 0.4¢ poseidon nickel limited

Ann: Proposed issue of securities - POS, page-89

  1. 13,234 Posts.
    lightbulb Created with Sketch. 555
    My Guestimate is if POS take over subscription from Mum & Dad up to the tune of 80 Million shares all together, POS is within ASIC guidelines of 10% Capital rules ( correct me if I am wrong)
    ...
    In brief 1 : 13 rules may get relaxed down to 1:10 or 1:7 rule based on how many shares on hold. That's why they put a minimum subscription of $2000 and maximum subscription of $30,000. People (mum & dad) holding 500,000 or ore more shares are probably less than 100 is numbers.
    ..
    (My guestimate) very good chance of one getting $2000 worth shares at 11 cents for small holders and 1: 10 or 1: 13 large holders (any one holding 500,000 share or higher).

 
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