no worries cdh123456789 Scale backs backs for PRR will be taken...

no worries cdh123456789

Scale backs backs for PRR will be taken a pro-rata basis, with each applicant receiving a set percentage of the value of PRR shares they will apply for...

In the event of an oversbuscription of PRR ... the total number of shares will be given based as a percentage of your requested amount

eg . if it is scaled back say 20 % .... everyone only gets 20% of what they applied for ..

eg. application for $15 K ( 53,571 shares ) - scale back 20 %
you would receive 53,571 x 20% = 42,857 shares ( nuggets of gold)
.. at cost of app $12,000) + refund of balance

eg. application for $10 K ( 35,714 shares )- scale back 20 %
you would receive x 20% = 35,714 shares ( less nuggets of gold)
.. at cost of app $7142 ) + refund of balance

.. suggest people get at the calculator and do the maths ... on the back of beer coaster of course

... unfortunately ... if you apply for say $2000 of shares only ... even on a scale back you wont receive the full allotment of the $2000 of shares .. but a percentage of that application based on the overall percentage of the scale back

... a bit convoluted yes .. but a fair, simple and transparent process
... blame ASIC for this one