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opel24v

9,196 Posts.

2725

04/05/21

13:52

Post #: 52925027
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Originally posted by Charles89: ↑

Yes and no; yes because of paper loss. No, because the experience I gain from holding ADO for 8 years, all the ups and downs, allows me to logically navigate through my emotions and look at the facts and events that are about to unfold.

On another note, even though these terms and conditions of the SPP are just there because it probably has to be, but something to consider about:

(b) It is presently intended that a maximum of 15,384,615 New Shares will be issued pursuant to the Offer, which would raise a maximum of $4,000,000. The Board reserves the right to accept oversubscriptions or otherwise increase this maximum by way of an announcement on the ASX market announcements platform.

(c) The Board reserves its right to reject or scale back any applications in whole or in part. The Company may in its absolute discretion determine to apply the scale back to the extent and in the manner it sees fit, which may include taking into account a number of factors such as the size of your shareholding at the Record Date, the extent to which you have sold or purchased Shares since the Record Date, whether you have multiple registered holdings, the date on which your application was made and the total applications received from Eligible Shareholders.

P.S I highly doubt they will go through each application during scale back, and will most likely accept all the money on offer. But it does seem like they have the rights to scale back based on how many shares you have, so it is "possible" to only recieve a % of your total holding.

Expand

(c) The Board reserves its right to reject or scale back any applications in whole or in part.TheCompany may in its absolute discretion determine to apply the scale back to the extent and in the manner it sees fit, which may include taking into account a number of factors such asthe size of your shareholding at the Record Date,the extent to which youhave sold or purchased Shares since the Record Date, whether you havemultiple registered holdings, thedate on which your application was madeand the total applications received from Eligible Shareholders.

The board has the right to 'reject' ;-)

From the above statement from the company it looks like this is all going to be geared towards holders that support the company, not opportunistic holders/traders. Since demand will massively exceed what will be offered the following is very likely to happen:

* If you've purchased and/or not sold since record date you'll get looked after

* If you've sold, then you might be scaled back or rejected
Last edited by opel24v: 04/05/21

ADO Price at posting: 36.3¢ Sentiment: Buy Disclosure: Held
9 Upvote

1 Great analysis

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