Shareholder confirmation statements sent out today.
The shareholder letter contained confirms that you will only be entitled to loyalty options on a 1:2 basis for the amount of shares you hold from the IPO to the entitlement date.
So if were allocated 20G shares and sell 10G before the entitlement date, you will only be entitled to 5G oppies..if you held the full 20G you would get 10G.
Although on the one hand this may deter some people from buying (those that were hoping to get loyalties by buying before entitlement date) it should of course also deter selling by those in the IPO.
It also has the added benefit of being less dilutionary because (unless there are 0 shares traded for 4 months lol).
While I'm here another article mentioning EFE recently :
