Quote:
Originally Posted by hispy99
Isn't there a SEC rule that you cannot absorb more than 25% of oversubscription?
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They should please absorb all. As per the sec rule think about it, a way round is to get a very heavy check (or checks) from one friendly or friendly investment houses to help beef up the over subcription. Return most of these heavy checks and other heavy ones and allocate plenty to the masses !
This will have to be done upfront around initial collation after seeing how much people have subscribed.