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not correctits up to the BoD how they do scalebacks [ no ASX...

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aussiewebking

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30/04/21

14:02

Post #: 52847552
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Originally posted by BWinter: ↑

They must take into account the size of the holding according to ASX rules. What I have seen in situations like this is that they will set a minimum subscription (say $500 worth of shares - just as an example) and all the small holdings that have applied will get that. Then what is left over will be pro-rata'ed based on the size of your holding. I expect they will end up taking more than $2.5M but even so the scale back will be huge. If you look at their current MC ($400M) and what they are trying to raise ($2.5M) you can get a feel for what the scale back will need to be. My guess is that they will accept maybe $5M - $7.5M and roughly 50% of shareholders will apply. So (real back of the envelope stuff here) you might end up getting 4% of your current holding size. So if you had, say 1M shares and applied for the full $30K worth you will end up getting roughly $20K back. All IMO and DYOR

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not correct

its up to the BoD how they do scalebacks [ no ASX rules ]

ive been in hundreds over the decades and seen many multitudes of ways they are done...

ALC Price at posting: 40.0¢ Sentiment: None Disclosure: Held
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Last 4.7¢		Change 0.000(0.00%)		Mkt cap ! $63.09M

Open	High	Low	Value	Volume
4.7¢	4.8¢	4.7¢	$13.12K	277.5K

Buyers (Bids)

No.	Vol.	Price($)
4	1339509	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	160198	4

View Market Depth

No.	Vol.	Price($)
4	1339509	0.047
3	374678	0.046
8	1332725	0.045
8	966363	0.044
2	460000	0.043

Price($)	Vol.	No.
0.048	160198	4
0.049	167786	4
0.050	186295	7
0.051	255000	2
0.052	815000	2

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