(a) Describe what it means if a new company decides to issue its ordinary shares to investors in instalments, and why th

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(a) Describe what it means if a new company decides to issue its
ordinary shares to investors in instalments, and why they might
sell shares this way.
(b) John’s Building Company needs to raise $100,000 cash from
share investors and asks for your advice for designing the sale of
the shares. He wants to sell ordinary shares. First, use your
imagination to determine a reasonable sale price per share. Then,
design a traditional 3 step instalment plan for collection of the
cash from investors. Hint: you may consider that the Application
period will commence on 1st February 2022. Outline the basic
details of your plan, including beginning and ending dates for each
stage of your plan.