Penny Pincher, I know you didn’t ask me but while riding the train I thought I could help. Though I really should’ve studying the form for tomorrow.
If you are on their books (account holder) you will likely get an offer.
If you qualify as a sophisticated investor you could/should (not to been construed as giving advice) register with these guys. I think it’s best if you are in there before the TH as it all happens very rapidly.
To qualify as a sophisticated investor you just need to provide a letter from your accountant confirming your gross salary was $250k for last 2 years. Net worth is another way but harder. I mean who is worth over $2.5 M and earning sub $250K/annum.
With this one an email went out on the day of the TH with bids due by 9:30. A subsequent email went out at ~5:30 same day saying it now closes in 10 minutes due to demand.
That’s why they do it with sophisticated investors. They can sort it in a day. To go to retail market it takes weeks and months and costs heaps.
UTR Price at posting:
2.5¢ Sentiment: Buy Disclosure: Not Held
