POK 0.00% 20.0¢ potash minerals limited

I doubt that retail received any at all. There was only $10m. to...

  1. 1,602 Posts.
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    I doubt that retail received any at all. There was only $10m. to go round. This CR was elegible to residence of six countries, Australia, New Zealand, Hong Kong, Taiwan, Singapore and UK. I beleive the broker to the issue conducted roadshows with Dave in a few of these countries.

    Announcement stated
    . Public Offer closed over-subscribed
    . Bookbuild heavily bid by Instutions, Brokers and the General Public.

    The Public Offer was only open for 5 trading days. Reports indicated it would be heavily oversubcribed even before the offer opened. AS it turned out the Public Offer closed after one day.

    I doubt the General Public got a look in. Instutions and Broker Firm applications would have soaked up the small amount on offer. Just one Instution would be capable of swollowing the whole offer if the Prospectus allowed them to.

    It has been said the public offer was 60 times oversubscribed.
 
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