who's buying the spp?, page-7

refer what i wrote yesterday...

re: fms start your engines (INSIDER`INFO)
Code: FMS - FLINDERS MINES LIMITED (Google FMS) Post: 4148466
Reply to: #4148373 from tradedemon Views: 357
Posted: 11/06/09 2:12:25 PM Sentiment: Buy Disclosure: Stock Held From: 114.76.xxx.xxx

gaggin and others... remeber the following..
The directors will decide either to apply the "First come, first served option".

Meaning, those who apply early will get their FULL allocation and the offer will close early.

OR

The directors will decide to apply the "scale back on a pro rata basis".

Meaning they wait til the close date and then scale back so all shareholders who take up the offer, will at the very least, get something.

In the end, there are only x amunt of shares to be issued. It all depends on how the Directors decide to allocate it.

IF they get enuff money (meaning shares applied for) within the first 5 days, it will close 1 week early.

I today Bpay $20,000 (4 lots of $5,000 in 4 HINs)

Good luck to us FMS holders !!