Twat directors have looked after themselves but screwed the...

First 18 Last

Share
Profile

Follow
Lilow

9,289 Posts.

2358

15/04/22

13:52

Post #: 60871961
Share

Originally posted by SignOfTheTimes ↑

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?

Expand

Twat directors have looked after themselves but screwed the existing shareholders by short changing them!

MEP Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply