MEL 0.00% 0.5¢ metgasco ltd

the spp scale back does not make sense

  1. 721 Posts.
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    Everyone, including me, looks to have been scaled back about 30% (received 70% of what we asked for). However, the SPP was 44% oversubscribed and MEL stated on 7/12 they were only going to raise the $25m which means we should of been scaled back by 44% (received 56% of what we asked for).....

    Any ideas? Did anyone get scaled back by more than 30%? Did anyone get nothing?


    Marxist (perplexed)
 
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