This was a huge scale back and there was no extension even when it was massively oversubscribed .. they are happy to get $5.30 from the institutions but not the small investors.. is our money not as good as theirs?
What size of shares would one have to have to get the full allotment..?
I am guessing you would have had to have nearly 100,000 shares to get option to buy the full $30,000
So if you got the shares at $3 or $4 .. you would need to be a major shareholder to even get the chance to buy a good sized chunk..
Not really looking after the smaller stakeholders .. I feel disappointed with Sezzle.. they could have sliced and diced this to suit a larger majority and not just the top end of town. I am ending up with a pittance of shares. Now have to wait for my money back.. what a waste of time and lost opportunities elsewhere for my 30K I wanted to invest.
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Ann: Securities Purchase Plan Results, page-16
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