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11:58
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Originally posted by SimonGr
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Ok ... I better own up. I sent an email to Geoff and FGG a couple of months ago suggesting a SPP at pre-tax NTA. However, I’d suggested a proportional rights issue rather than this $15k retail limit and open ended for wholesale. I’d think that it was on their minds anyway and perhaps other holders suggested it to ... so not claiming credit/blame!
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On reading the SPP docs more carefully - I realised that the wholesale offer is only open to existing shareholders. This is a good thing - don’t want stag traders trying to profit from this. Hopefully there will be some proportional limits in place when the wholesale offer comes out.
(20min delay)
