Below is what's from the anns, which gives the firm great...

Below is what's from the anns, which gives the firm great flexibility to pick and choose... it doesn't say definitely not first in first served (option 1 to close early). Guess it will be up to Mike to decide depending on how much fund he receives and then evaluate the options. My guess is option 3 > option 2> option 1 if the goal is to make the full use of the CP. If he wants to balance between the fund raising amount and dilution, then maybe option 1 or 2.

The SPP is targeting to raise up to $2 million. If the total demand for the SPP exceeds $2 million, then the Company reserves the right to close the SPP early and/or scale back applications or to increase the amount raised under the Plan (subject to the maximum permitted under the ASX Listing Rules).