well, that is a call on share price. If sp holds up over next few days, of course it will be over-subscribed. If sp is $1 in a couple of days, then scale back will be around 25% (my guess); My reasoning is that if every shareholder of roughly 4500 took up spp, scale back would in fact be 75% but I think average uptake will be $5000 so around 28 million shares will be sought and 20 million is max. However, if sp is around 80 cents, well, spp will be a failure and there will be 100% allocation and no scale back.
MOL Price at posting:
$1.00 Sentiment: LT Buy Disclosure: Held
