I GUESS THAT IS WHY
i wonder why bbd chose to do RS at 25 to 1
i , and many other investores were expecting or hoping that RS be in the rang of 10 or 15 to one maximum
some were even wishing for 3 or 5 to one
but seening what is going on in the world, and how market react to good and positive news about bbd (market always punish bbd for good performance)
as some funds and financial institutes will not invest in companies that trades below C$10
so, i think management wanted to make sure that after the RS bbd.b will be evaluated at more than C$10
so even if market took bbd.b down to C$ 0.50 berfore RS
after RS, bbd.b will be worth 0.50 x 25 = C$ 12.50