They are playing their cards close to their chest.... so whilst I am... hopeful they will take extra, my guess (a total guess) is the will take $3m. Not a huge increase I know, but... gives them a round number of $20m raised. I do also think they may go higher, up to $5m if the demand is even greater than the insto demand proportionally ($17m raised... $38m was sought).
I will say that they will likely look very closely at each holder who does apply for shares, i.e. as discussed in the offer document. They are not empty words, they will pick and choose depending on how long shareholders have held, amount held etc.
We will see of course.
WA8 Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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