1. Sadly the practice continues on some companies excluding certain NVDR holders entitled to warrant issuances. *regardless of where they actually reside*. This an unacceptable practice the industry must address. And so will be pointed out.

    See here as yet the latest galling example:

    “The Company (DEMCO) reserves the right not to allocate Warrants to the existing shareholders
    proportionate to their respective shareholdings if the allocation of Warrants to such
    shareholders causes or may cause the Company to have duty under foreign law. In this
    regards, the Company considers not to allocate Warrants to the shareholders in the
    United States of America, India, Germany, the People’s Republic of China, Singapore,
    Malaysia, England, Australia and any other countries that the Company may deem
    appropriate. In case there are more additional countries, the Company shall further
    notify via the system of the Stock Exchange of Thailand.”

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