In the annual report it shows 4,170 shareholders.
MEL wants to raise $25mil max.
If all 4,170 take up the full amount then the scale back will be to approx $6,000.
But assuming 70% of 4,170 shareholders take the full $15,000 SPP then it would be in the vicinity of $8,550.
I would be surprise and delighted if it was above $9,000.
spp, page-10
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