Pretty brutal scaling. Expected it though and applied for way more than i wanted :)
Looks like there will be a lot of retail investors looking for somewhere to put those refunds next week :t_up:
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Pretty brutal scaling. Expected it though and applied for way more than i wanted :)
Looks like there will be a lot of retail investors looking for somewhere to put those refunds next week :t_up:
Just checked email - Scrappy is correct.
Confusing as before on the Genesis website I read tomorrow as the refunds beginning. Seems they have removed this
So how many retail people are going to buy today? When they wont get their refunds till next week
Got this in an email.
Refunds for scaled applications
If your application was scaled, the difference between what you applied for and what you received will be refunded to you, if the difference is more than $1.55. Refunds will be paid between 22 and 23 April 2014 in the manner in which you elected to receive any future dividend payments
Application Size ($) Application Size (Shares) Allocation ($) Allocation (Shares)
$999.75 645 $999.75 645
$2,001.05 1,291 $2,001.05 1,291
$3,000.80 1,936 $2,642.75 1,705
$4,000.55 2,581 $2,931.05 1,891
$5,000.30 3,226 $3,217.80 2,076
$10,000.60 6,452 $3,467.35 2,237
This is what was in the ''congratulations email''from genesis
Those expecting 2414 may be disappointed