I don't know why you guys are worried about over subscription.
As far as this SPP goes, the only limit is $15k per SH. There is no limit as to how many new shares being issued. Patto underwritten up to $5m simply means that if the subscription is below $5m, they will take up shares to guarantee CTP will get at least $5m in total.
If all 9000 eligible shareholders pay $15000 each, CTP will issue $135m worth of shares. JH will take all the money he can get.
Although the dilution effect could be detrimental.
DYOR
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4.9¢ |
Change
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Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.9¢ | $17.26K | 352.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78567 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 111916 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78567 | 0.049 |
3 | 225520 | 0.048 |
1 | 212787 | 0.047 |
1 | 150000 | 0.045 |
1 | 50000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 111916 | 2 |
0.054 | 96556 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
0.060 | 122209 | 3 |
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