It is not that unusual. I had the same call on Monday afternoon....

It is not that unusual.
I had the same call on Monday afternoon.
I have had such calls even with fairly small holdings in other stocks.

My guess is that it is RCR behind the calls rather than the underwriter.
It is in RCR's interest that the issue does no appear to be scorned.

Macquarie would not have agreed to underwrite it at $1.00 unless they thought that it is a good price for Macquarie, regardless of what happens with the issue.

However some retail holders will not have the cash to pony up for a 1 for 1.65 issue.
In which case, its a tough choice with the stock at the current price.
Do they forgo the entitlement and possible miss out on in-the-money shares or try to sell enough of their existing shares so they can take up the entitlement, which after costs doesn't leave them much at the current price anyway.

The fact that there was no provision in the retail entitlement to apply for extra shares suggests that either RCR took a very pessimistic view of the retail take up, or much more likely, Macquarie wanted it that way. All the more for Macquarie to flog.

Still not happy

Cheers