cr, page-45

Your argument is OK.

the announcemeny says
"The Company intends to cap funds raised under the SPP at
$500,000,equating to approximately 22.73 millionnew ordinary fully paid shares in the capital of the Company. Triple has approximately 999 registered shareholders as at 15 May 2013
and a pplications will be accepted on a first come, first served basis .

Not all holders will take these up,if they all did then they may be scaled back to $500 each,my guess is at this price they will be rushed.

$500k/15k =33 lots

You had better be quick to get some!!