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ddzx

37,911 Posts.

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24/10/17

14:59

Post #: 28152009
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Originally posted by Beton2 ↑

The shortfall is at the discretion of the directors. In consultation with the underwriters. Considering that there is unlikely to be a big shortfall and existing shareholders are going to take up any shortfall, I think that the BOD should be publishing their proposal of distributing the shortfall. Firstly it should all go to eligible shareholders. Then and only then should the issue of under-writing come in to being. Then there is the issue of if the shortfall to eligible shareholders is over-subscribed. There needs to be a firm policy in place to fairly and equitably distribute the shortfall to the eligible shareholders in proportion to their application for shortfall shares.
I feel that this needs to sorted and announced as quickly as possible. For the sake of clarity, honesty and corporate governance.

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folks who don't want to take the offer would have sold their LPDR rights for a free profit on market

also, the prospectus says:

Allocation of the Shortfall Shares is at the absolute discretion of the Directors, in consultation with the Underwriter. There is no guarantee that Eligible Shareholders will receive Shares applied for under the Shortfall Offer.

Last edited by ddzx: 24/10/17

LPD Price at posting: 2.4¢ Sentiment: None Disclosure: Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $25.76M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
76	60455456	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	72204154	43

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No.	Vol.	Price($)
76	60455456	0.002
92	211106960	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	72204154	43
0.004	37214082	45
0.005	13550066	15
0.006	3150999	8
0.007	2277188	7

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