Given this statement from them, I expect it to close early (today?) and hopefully with no more than 50% scaling.
Lots of people will have excess funds after the Gentrack scaling.
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Bookbuild has closed. Scaling is expected. Looks like I will get again get a fraction of what I applied for... mixed feelings... good that there is a lot of demand... bad that I didn't get what I want. boohoo.
Hi I'm new here. Anyway, with my frustration on Gentrack re scaling, I did not bother with this anymore. Just been getting minimum parcel of shares lately. Must be due to our trending up (sic) Market or those big boys are really hugging everything now.
I just went through the process (for the first time) of applying for some shares online. (just 1000 mind). What "frightens" me is that there is no signature put on paper with the applications. I mean I know my brothers bank account number, his IRD number, his address and the CSN is not important. I could play a practical joke on him and apply in his name and bank account number and the registry would be none the wiser. Implication is that this could be done to yours truly as well by some unscrupulous individual. Do others share my concerns with the process or are there implied checks and balances that I am unaware of?
And then your brother complains to the registry, who investigate, inform the police, who arrest you, and you get prosecuted for fraud. Great practical joke, ends you up in jail, hmmm... http://www.stuff.co.nz/business/worl...egal-minefield