How many days will it take for the cheque to clear? <a href="http://immediasite.org/aono-pharmcojp-1fb7.pdf">doctorerika.com</a>  He said that retail investors are turning to spread-betters because the bulk of the shares are being offered to institutional investors. &ldquo;Many are expecting that the shares they&rsquo;ve applied for to be scaled back,&rdquo; he said. &ldquo;They are coming here to ensure that they get exposure to Royal Mail even if their allocation doesn&rsquo;t come through.&rdquo; He added that some retail investors reckoned that the excitement was getting out of hand. &ldquo;We&rsquo;ve also seen some notable sellers today for the first time,&rdquo; he said. &ldquo;Some are clearly thinking that at £4 the price has over-extended.&rdquo;