Post by
bayoubucks on Jul 27, 2020 10:06am
Best efforts?
Anyone else that knows anything about the stock market find it unusual that the offering was on a "Best efforts" basis for this amount? Shows a lot of confidence by Evan IMO.
Comment by
goldman88 on Jul 27, 2020 11:27am
This post has been removed in accordance with Community Policy
Comment by
BarstoolSage on Jul 27, 2020 11:50am
Mackie retail and institutional clients. You could call Mackie and get in on it ...but Evan did say that already in Sunday's WSR show...adding "if you can still get them". That is because Mackie has been setting this up with their clients for awhile now..."coming soon...a chance to ...... But give it a shot
Comment by
BrandNewIdiot01 on Jul 27, 2020 12:42pm
Yup, agreed. I'd say they are spoken for, but it doesn't hurt to try. Gla
Comment by
BarstoolSage on Jul 27, 2020 11:47am
Why? I expect most of these types of capital raises, especially for these types of emerging companies, are "best efforts" deals. And Evan had nothing to do with deciding this. It is simply Mackie being prudent. They take far less risk and still make lots of money
Comment by
bayoubucks on Jul 27, 2020 2:31pm
I have to respectfully disagree that this is common place. I've been in this market for over 10 years and IMO this is an exception rather than the rule.