It completely depends on the structure of the raise. Some are entitlements on a 1 for X number of shares already held. Some are on a first come first served basis. 4DS did a first come first served placement last year that sold out on the first day.
I prefer the entitlement basis, as it gives smaller holders who may not have ready access to cash an opportunity to participate. However, getting the raise done and dusted quickly has its advantages as well.
4DS Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
