Ann: Results of SPP, page-37

my guess is that the best scenario is everyone gets $2500-5000 allocation, the likely scenario is everyone gets $500-2500 to meet marketable parcel, the worst scenario is application denied for w/e reason.

the whole thing about sophs has never been fair to the retail investors. Sophs can easily become members of all those 'capital' companies and wait for their deals that happen every 3-4 days. The deals almost always give them below market prices plus listed options, and it only take about 3 days - 1 week to settle everything. The retail investors always lag way behind even if they get offered the same deal and the process usually takes 1 month.

As for why management did this, my guess is that it's intended to include all investors in this deal so people don't complain/notice how much money the big players made from the deal, a mere 4m investment easily turned into over 20m in just a few month. The SPP has to be the same price to stop the potential drama.

I agree the management should be more transparent and maybe even increase the offer to 1m due to the huge demand, but then again, who's gona buy those 3b shares on market in that case? =x