MST metal storm limited
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its capped..coz of an ASIC compliance.It used to be $5,000...

  1. Insider`Info
    6,669 Posts.
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    13/05/09
    21:36
    Post #: 5133051
    its capped..coz of an ASIC compliance.

    It used to be $5,000 maximum cap .....in a 12 mth period.
    Since the news yr, it has increased to atleast $10,000 (maybe even 15,000)..but I know 10,000 has been approved.

    Some companies allow for over subscriptions, to a certain amount.

    So basically, it is an ASIC ruling

    Here is the link...
    http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Consultation-paper-103-Review-share-purchase-plan-threshold.pdf/$file/Consultation-paper-103-Review-share-purchase-plan-threshold.pdf
    MST Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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