Let's see your breakdown of the $2.4m figure then :D:D:D:D:D:D:D:D
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Just out of curiosity, does anybody here either themselves, or know of anyone that's subscribing for shares?
They probably lost more existing applicants than gaining new ones by extending the IPO.
It's probably safe to assume robbo has and i haven't. Also safe to assume that since the $10 m threshold hasn't been reached not many others have.
It will be interesting to know how many withdrawals there are since this is new territory for me. Most floats I keen an eye on do list on target date - especially this year when there has been a great appetite for IPO's.
I can't think of any floats where applicants had the opportunity to withdraw after an extension. There must be some forum members can point to.
I'm more than happly to be corrected but in the absence of any other information I'm comfortable with the numbers.
That spin machine has to be cranked up to full revs by now but I'm not hearing anything positive. Care to share your analysis of the situation?
That should be 13.5.20. Sorry but I cant copy on my phone but it essentially says
" the totAl estimated costs of the offer payable by the company including... lead manager fees accounting and tax and legAl fees etc........... will range from NZ$2.46m (assuming A$10 m is raised) to Nz$3.4m assuming A$25 is raised. These costs are payable by the company"
Now I'll go out on a limb a bit here because the costs aren't being paid so much by the company because the company has no revenue. The costs will be paid by the high net wealth shareholders. So in another environment this has the risk of looking kinda like a ponzi where new shareholders are brought in to pay for the next lot of new shareholderrs and so a vicious cycle begins
At post 146 you say:
However, as discussed earlier:
Quote:
In exchange for the Ord Services rendered, the Company will pay Ord a management fee of 2.5% (excluding GST) of the total capital raised in the Offer and a selling fee of 2.0% (excluding GST) of the total amount raised through Ord’s distribution networks or other distribution networks outside of Axstra.
Now you backtrack a little and say well actually it's not all going to Ord:
Please, show your working how MJP owes Ord the sum of $2.4m as you discussed earlier :D
I think a lot more of the money has gone to other services for purposes of the IPO - you're way off the mark, minimoke... You're just muddying the waters my friend.
Without any research, I will make a decision on this fight. Minimoke has lost the battle but won the war.
The full $2.4m is not going to OM. But $2.4m will be leaving MJP bank account in costs for the IPO - which by my count, would pay for the manufacture of about 20 jet packs (allowing for a generaous margin) - money well spent????