there were over 400 applications seeking $5m + with a number of people with multiple 1 share holdings seeking max allocations (they got none)
you only needed 30 x $30000 to get close to the maximum SPP of $1m so +400 applications was fantastic & better than past attempts to raise funds
directors stepped back ( they took some, but not max as they originally agreed to) to allow existing holders to get as many as possible
how do I know this? I asked
I don’t know the formula they used over the range of available parcels ($2 - $30k)
Scale back, page-34
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