There are 6,447 shareholders (as at 20 December 2017). The...

There are 6,447 shareholders (as at 20 December 2017).
The maximum number of shares that can be issued under the SPP is 56,666,528 for $18,133,289.
The stated target is $3M.
So MCR will look good receiving applications for over five times their stated target.
If half the MCR shareholders apply for an average of $10K each, then their will be an over subscription and the scaleback will be around 60% of each application.
Probably the first $2K will be granted regardless of the application amount.
If so, those applying with $15K might get something like $10K of MCR shares.