Regarding the CLW SPP ann this morning; am I reading this right...

Regarding the CLW SPP ann this morning; am I reading this right that we will get 1 share (# 2 option) only (On Market used 15K$ from my SPP Harvester account in the application).

All participating securityholders will receive an amount of securities that is the lowest of 1) their application amount; 2) the value of their holding as at the Record Date if their application amount was higher than their holding at the Record Date; and 3) $30,000 being the maximum application amount under the SPP.

If so, concerned this will become a 'feature' of future SPPs.