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.
- Forums
- ASX - By Stock
- RAC - Charts & Price Action
I think not. $30K is for share purchase plans only.This...
-
-
- There are more pages in this discussion • 2,887 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
|
|||||
Last
$1.83 |
Change
0.020(1.11%) |
Mkt cap ! $310.7M |
Open | High | Low | Value | Volume |
$1.81 | $1.83 | $1.79 | $142.0K | 78.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $1.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 641 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 1.810 |
3 | 7009 | 1.790 |
1 | 450 | 1.780 |
2 | 16392 | 1.770 |
2 | 1018 | 1.765 |
Price($) | Vol. | No. |
---|---|---|
1.830 | 558 | 1 |
1.840 | 4000 | 2 |
1.845 | 2746 | 1 |
1.860 | 1000 | 1 |
1.870 | 1200 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online