RE:RE:RE:RE:RE:mech and king...No, that's not the case. You can buy much more. Example: I had 40k shares, elected a basic subscription for another 40k units and then was allowed to submit an oversubscription election for another 223k units which when multiplied by $0.015 represents the remaining cash in my account. If I had more money in there the number of oversubscription units could have been even higher.
I'm not sure what the REAL maximum you can buy is, well, up to the total maximum they're offering ($2.17M / $0.015 = 144.6M units). My thinking is there are enough to go around even if most investors significantly increase their holdings. They're more concerned about not enough interest than too much, hence the standby guarantee by Vogel and Proust.
In the Interactive Brokers platform you can test your maximum by entering an unrealistic amount (higher than your available cash would buy) in the oversubscription box and then trying to save the election. You will get an error message that states the exact number of units you can enter.
quicksilver545 wrote: I'm pretty sure Additional Subscription Privelege allows you to get up to 100% of the stock you purchased under the Basic Subscription Privelege. In other words, you can only up to as many shares as you get under the basic subscription. I've yet to see an offering without some proration though.