Comments on: Freightways SPP Oversubscribed

By: Kelvin Hartnall

Kelvin Hartnall — Sat, 30 May 2009 23:18:40 +0000

I have a few more shares so needed about 1720 shares to avoid dilution. I applied for the maximum amount under the SPP, though based on Friday’s announcement we will be scaled back to 449 shares which is the maximum number allocated under the SPP. So not even close to avoiding dilution. Also, I’ll have $12,500 tied up for weeks with the net effect being the acquisition of $1,095 worth of shares.

By: Share Investor

Share Investor — Sat, 30 May 2009 03:57:40 +0000

Yep, I had 8200 shares and needed around 1200 to avoid dilution. It seems I might be getting around 500 according to their press release.

By: Shane Legg

Shane Legg — Fri, 29 May 2009 09:28:13 +0000

Um, I’d be surprised if there were good answers to this… I guess they will just go “Ops, we didn’t realise that so many small investors would be interested.”