If you're asking for $30 million, the answer better be "sh*tloads".
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What do you guys think the chances are of us getting 50% of what we applied for?
This is what I did and I think most people that are experienced investors do about the same when a SPP is over subscribed. Ask for 200% and you might receive what you are entitled to when scaled. Not much point asking for much more if it's oversubscribed, you will just temporarily lose access to more money for the same result.
Think he means if you have 20k ask for 40
Yes, you can ask for all $5m if you want, but of course you won't get it. But you need to be able to front up with the $100k and be OK with that sitting in someone else's account for a month or so and be OK with it being filled if it's not oversubscribed (unlikely in this case). There is risk associated, so as with all risky endeavours, analyse what's best for you, your appetite for risk etc.
Applied for my allocation today and confirm max allocation is $50k (ie Blobbles post #4407 is not correct.)