Originally Posted by
Fox
Page 3 of the initial offer doc says "your application will be scaled on aproportionate basis with regard to the size of your application", however page 12 says "on a proportionate basis by reference to the size of existing shareholdings and noteholdings held at the time of allotments". Todays announcement conforms with the latter, however I thought it was based off the former?
Is it just me or are these different meanings:
1) Scaling based on application amount = two different holds whom apply for 15k each both get the same amount after scaling
2) Scaling based on existing holding amount = two different holders whom apply for 15k each get proportional amounts according to their holdings
Also this seems a bit unfair for the smaller holders, on top of already lacking funds to get to the 15k mark.