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Yeah it was an estimate based on being involved with many other...

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    Yeah it was an estimate based on being involved with many other CRs.
    At such a low discount to prevailing price a reasonable assumption would be for 50-75% take up. So around $2M , therefore another $2M from oversubscriptions.
    If they're only accepting $1M of the oversubs thats about half of the estimated oversub amt.

    So no scientific deduction from the facts in the announcement , but some assumptions were made.

    It also depends on how they scale them back.
    If one person applied for $500,000 over and everyone else just a few $K, then they might pro rata based on the persons original entitlement
    Either way, am pretty sure I'll get a reasonable amount of my oversubscription because I didnt subscribe for $500K.
 
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