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
$1.45 |
Change
-0.005(0.34%) |
Mkt cap ! $242.5M |
Open | High | Low | Value | Volume |
$1.46 | $1.50 | $1.43 | $62.91K | 43.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5700 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 591 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5700 | 1.430 |
3 | 13542 | 1.420 |
2 | 20700 | 1.410 |
1 | 3500 | 1.405 |
6 | 25737 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.450 | 591 | 1 |
1.500 | 7000 | 1 |
1.510 | 2408 | 1 |
1.540 | 10000 | 1 |
1.550 | 26171 | 3 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.46 |
  |
Change
-0.005 ( 0.23 %) |
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Open | High | Low | Volume | ||
$1.44 | $1.49 | $1.43 | 9034 | ||
Last updated 13.08pm 24/05/2024 ? |
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