I can't really stress enough how bad an idea it is to wipe the order book at this point.
Going to sleep? Place a higher bid - you'll probably get some shares.
All wiping the order book does is ensure that only people awake when the IPO sale is actually placed (or when the order book is re-opened) will get shares. Let people do their own math and place their bids accordingly - deliver the sale per the terms you've agreed to at the time you've agreed to it.
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And an update,
When 7,000,000 shares are sold by issuer at 0.001
- All bids in equal to or greater than 0.001011 will be filled
- The first 553,680 shares bid at 0.00101 will be filled
- Any lower bids will NOT be filled.
As of the last time I pulled it (so 13:24 forumtime)
I am a bit confused. if I place my bids higher than 0.001 in the order book am I not then guaranteed to get my shares before those who bid lower?