Just out of interest who is going to try and purchase some under the plan and does anyone think it will have a major impact on the share price given its only 3mil shares.
Printable View
Just out of interest who is going to try and purchase some under the plan and does anyone think it will have a major impact on the share price given its only 3mil shares.
Joint press conference with Russell Matheson MP, Member for Macarthur, Sydney
http://sjm.ministers.treasury.gov.au...ript/027-2015/
No, because it will be around $14000 odd tied up for a couple of weeks with every man and his dog wanting to get in at $0.67, and no it will have no effect on the SP given that what is offered to existing shareholders represents around 0.3 of 1% of total shares. Don't really want to end up an odd number of shares.
China ends one-child policy after 35 years.
Possibly a good news for ATM but not so good in regards to the current world overpopulation.
Under the Terms & Conditions of the a2MC SPP, section 6.3 states:
6.3
If a2MC receives valid applications in excess of NZ$3,000,000, it will scale back all applications on a proportionate basis (taking into account the NZ$:A$ daily exchange rate published by the Reserve Bank of New Zealand on its website for the Closing Date).
Does proportionate relate to the amount of shares applied for?
i.e. No.1: $1000.00 applied for @ $0.68 = 1470 shares.
No.2: $15,000.00 applied for @ $0.68 = 22,058 shares.
If the offer is 50% over subscribed then:
No.1 will pay $500.00 & Receive 735 shares
No.2 will pay $7,500 & receive 11,029 shares
Is this correct?
Looking forward to next months AGM and milk and muffins. Might even buy some more shares at 55c to 60c next year to add to the 50c average ones on hand at the moment:).
Typed in Marlin in search box
http://www.sharetrader.co.nz/showthr...ghlight=marlin
will be interesting to see how the ice cream sales go - I have tried both the chocolate and vanilla now and they both taste like the cheapest ice cream on the market - was hoping for a LOT more...