Been doing some ringing around and we all got totally screwed...

Been doing some ringing around and we all got totally screwed over.
Evidently:
Demand was not really there during the IPO stage.
For example, people got offered reasonable amounts from the Chairmens list and then asked if they wanted some more
Have a look at the ASX share register below
Escrow stock 55m
Instos 45m
Sub total 100m Top twenty holders
Broker Firm 81m
TOTAL 181m

However, they also state that Broker firms given 49m and Instos given 74m.
So, there must be a lot of Instos with very small holdings as they are sitting outside the top twenty.
I think based on above you can only reach two conclusions.
1. It is a very weak register and the price will not be good.
2. There was a lot of demand and only small allocations given so the after market will be strong as people try to get reasonable holdings.
Well, the listing price tells you that the answer is 1 above. That is, a very weak register.
I sold out today and the learning points are:
Always make sure you apply proper risk management and do not get carried away with the euphoria of the moment.
Listen to brokers and press but be very careful with what they say.
Expensive lesson learned !!!!!