share purchase offer, page-4

Yep companies can scale back how ever they feel.

Take a look at QBE's announcement of the 4th April 2012 to see what is possible. That one turned into some kind of right's issue almost. I had only a small holding, so that I could participate in the SPP discount, but ended up with next to nothing despite sending in $15k.

So you never know what might happen in any kind of scale back. They may even end up taking over subscriptions, although they obviously didn't last time. That may have been because of some pressure from somewhere else.