I think not. $30K is for share purchase plans only.
This situation isn't a share purchase plan; it's sub-underwriting.
With sub-underwriting, you have to make a binding commitment in advance, and without the protection of a prospectus.
That's why it's limited to institutions and sophs.
More info:
LInk: Sub-underwriting
Example: DXB had sub-underwriting for their latest issue.
IMO the fundamentally unfair aspect is that soph status depends only on assets and not on passing a financial knowledge test.
Since when does having assets make someone wiser?
Meanwhile, non-sophs are free to "invest" in foreign exchange contracts for difference which are advertised on the radio.
Go figure.
IMO, happy to be corrected etc.
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Last
$1.56 |
Change
-0.015(0.95%) |
Mkt cap ! $265.8M |
Open | High | Low | Value | Volume |
$1.61 | $1.63 | $1.56 | $160.1K | 100.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 222 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.60 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 222 | 1.560 |
1 | 9664 | 1.550 |
1 | 1992 | 1.530 |
3 | 32500 | 1.500 |
1 | 694 | 1.440 |
Price($) | Vol. | No. |
---|---|---|
1.600 | 500 | 1 |
1.620 | 617 | 1 |
1.625 | 1900 | 2 |
1.630 | 613 | 1 |
1.645 | 14645 | 3 |
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