once you take out the 22 shares allocated to all applicants then the figures are close
ie
45 - 22 gives 23 shares over the minimum for 5k
85 - 22 give 63 shares over the minimun for 15k
so excluding rounding up 23 vs 63 is close enough to a 3rd
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once you take out the 22 shares allocated to all applicants then...
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