From the Prospectus --------------------- 4.9 Allocation policy under the Offer The Company retains an absolute discretion to allocate Shares under the Offer and reserves the right, in its absolute discretion, to allot to an applicant a lesser number of Shares than the number for which the applicant applies or to reject an Application Form. If the number of Shares allotted is fewer than the number applied for, surplus application money will be refunded without interest as soon as practicable. No applicant under the Offer has any assurance of being allocated all or any Shares applied for. The allocation of Shares by Directors (in conjunction with the Joint Lead Managers) will be influenced by the following factors: (a) the number of Shares applied for; (b) the overall level of demand for the Offer; (c) the desire for a spread of investors, including institutional investors; and (d) the desire for an informed and active market for trading Shares following completion of the Offer. The Company will not be liable to any person not allocated Shares or not allocated the full amount applied for. ------------------ So how many shares you own is not a factor? The directors have all applied for 400K or $100K worth. THey will get those so we are applying for $2.1M with 3800 shareholders.
Am I reading this wrong?
MEP Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
