Ann: Share Purchase Plan Booklet, page-8

SPP Scale Back
8.1 The Company may in its absolute discretion undertake a scale back of applications for New Shares to the extent and in the manner it sees fit (including, but without limiting the Company’s discretion, by taking into account, among other factors, the number of Eligible Shareholders participating, the size of your shareholding at the Record Date or the number of New Shares you have applied for under the SPP). The Company may also (in its absolute discretion) raise a higher amount by accepting any oversubscriptions under the SPP.


Maybe the company should consider the sellers up to the SPP Closing Date and apply a heavier 'scale back' percentage to those who apply for cheap shares.......???

I've seen that done before, although not by BCI, moreso as they haven't had to apply a scale back previously......