They were never going to get anywhere close to $10mln, Most...

They were never going to get anywhere close to $10mln, Most simply dont partipate, even a blue chip cannot get close to 100%.
NUH has well over 2500 shareholders , once you get outside the top 50 the holdings fall away considerably. NUH has a very long tail.
The rebate was not part of the CR but is still is money in the door.
All of retail took up $500k which is pretty much a vote of zero confidence in Justin Miller. Last time there was a SPP which was not pro rata rights it raised about $1mln from retail. Again not a big contribution. And again it raises the question of Justin Millers judgement , why did he embark on a CR that has stretched on for weeks only to raise $500K , CR’s are best done short and sharp and move on.
Institutional and non retail took up most of their rights, which is a very interesting asymmetry, the monied investors took theirs but retail didnt. Non retail is about 35-40% of the register. Why did these guys participate at a high level in contrast to retail. What were they privy to ? One would expect less of a skew in normal circumstances. .
$5.3mln cash for Nov and I suspect Bell Potter may do a quick placement some time in the future as a top up to an insto or professional, the situation is hardly dramatic.