After all we have had a number of posters on HC here declaring that they are wanting to get their maximum (nearly $15,000) And we have had declarations of people selling down their holding in GGP (even at a loss in some cases) in anticipation that they are going to be able to apply for substantial quantities at 3.1 cents.
I think there will be a number of people trying to get an allocation at 3.1 cents
Even if only 500 shareholders tried to get shares in the SPP with about $3.9 million available then they would receive an average allocation of $7,800 worth.
I think there will be more that 500 shareholders out of 4,600 trying to get an allocation at 3.1 cents. Say you had even just 100 of them trying to get the nearly $15,000 maximum each.......you work it out from there. Doesn't leave much for the others.
Oh well I suppose it will look good for the company. Shareholders clamouring for shares and being disappointed with the paltry allocation at the end of it all. And the company ends up with $6 million in kitty.
GGP Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
