"To facilitate minimising the potential for unequal treatment of...

"To facilitate minimising the potential for unequal treatment of shareholders, applications for additional shares in excess of entitlements have not been accepted. The Company will refund any additional amounts received and will rely on its underwriting arrangements in respect of the balance."

Really? Seriously?!? ANYTHING is better than NOTHING! How hard is it for someone to pull out a calculator and divide the number of outstanding shares by the number of applicants (in its simplest form)? Or adding a weighting for size of shareholding (might require a spreadsheet)? Something any accountant should be able to do.

This is the same as parents in their will saying "In order to minimise the potential for our children to feel unequally treated... we've decided to leave to the stranger that lives down the street."

This sounds more like the Big End Of Town weren't happy about not getting their cut... so they get to make a cool (and immediate) $437k return on their $912k so the company can protect us from feeling unequally treated.

Well here's some news SXG Board... we have NOW BEEN UNEQUALLY TREATED!