The numbers seem to stack up. $115 million applied, for a $15 million issue means you got roughly 13% of your holding at the record date capped at $30,000.
So those with 420,000 or more shares probably got the full 41,666 shares. I'm guessing 10% was the simple fallback number.They did say it would be based on your current holding which was fair to avoid smaller holders getting a bigger share of the 72c pie because the offer was in the money.
Does that sound right? or did some big holders above that number not get the full 41,666 shares or $30,000?
Is it possible they also applied some time weighting in the algorithm?
The numbers seem to stack up. $115 million applied, for a $15...
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