Hi all, the offer says:"By making payment by cheque, money...

Hi all, the offer says:

"By making payment by cheque, money order, bank draft or BPAY®, you certify that:
(a) you are an Eligible Shareholder, as defined in paragraph 3;
(b) you have read, understand and agree to be bound by the terms and conditions of the SPP;
(c) you agree to be bound by the terms of the Company’s constitution; and
(d) the aggregate of the application price for the following does not exceed $15,000:
(i) the Panax Shares the subject of the application; and
(ii) any other Panax Shares issued to you under the SPP or any similar arrangement in the 12 months before the application; and
(iii) any other Panax Shares that you have instructed a custodian to acquire on your behalf under the SPP;
and
(iv) any other Panax Shares that have been issued to a custodian in the 12 months before the application as a result of an instruction given by you to the Custodian to apply for Panax Shares on your behalf under an arrangement similar to the SPP, unless you are applying as a custodian on behalf of one or more Participating Beneficiaries."

Does this mean I am limited to $10K of shares if I already purchased $5K worth in the recent rights issue (i.e. a similar arrangement)?

If I am reading this correctly and this is the case, is it policed by anyone?

I will be taking up some of the SPP, just not sure how much yet. The bonus options are attractive as I am hopeful that PAX will have the 5.9 MW demonstration geothermal power plant at Penola operational by some time in 2011.