RE:RE:Over at the c_o.ca site
HelloLire02
You stated, "In the first place, I cannot believe that National Bank, or Canaccord for that matter,would jeopardize longer term relationships with Nano for a relatively small, short term trading profit. Also, I suspect that it would be a contravention of their fiduciary agreements not to act in the interests of their clients".
RESPONSE: The the syndicate of underwriters, CannaOcrap Genuity and National Bank Financial being just two of the numerous underwriters, do have obligations. I agree.
However, the various underwriters have a greater obligation to the multitudes of their respective 'high net worth' investing clientele.
Said clientele generate much more money with and for CannaOcrap Genuity, National Bank Financial and the other underwriters than can be genrated in providing the services relating to this mere $30M bought deal capital raise for NanoXplore.
Other than selling the underlying bought deal shares to whomever the syndicate of underwriters already planned on selling such shares to in order to raise the $30M worth of capital for NanoXplore, such underwriters have mere token obligations which must be fulfilled on behalf of their deal with NanoXplore.
NOTE: What the underwriter's clients do with their shares certainly can't be controlled by anybody other than the purchasers of such GRA shares and to a great extent the very person's directly working for the underwriters in a "high net worth" client investments services advisory capacity.
The old I tell you after the fact (forget actively advising you) when I bought or sold part or all of your NanoXplore share position; and yet I don't tell you that I utilized your authorization to 'lend out' your GRA shares to the cause of generating some alpha which you, my high net worth client, may or may never derive any benefit nor profit from.
The investment advisory and investments management services segments of business, which said underwriters all have to operate and 'leverage' day in and day out in order to continually generate investment services derived 'profits', are where the underwriter's 'obligations' lie.
The preceding informatioin serves in bolstering my point made with respect to the fact being that the underwriters simply don't ever lose.
As conveyed by the follwoing question, the kicker as to how NanoXplore representatives may have, I stress may have, made sure to ensure that the sysndicate of underwriters providing this bought deal capital raise can not lose would be clearly discoverable Lire02.
QUESTION: Is there 'a mandatory hold period' stipulated as being applicable to any of the shares recieved by the syndicate of underwriters, in compensation for providing their respective services to NanoXplore?
What's more, is there any stipulated hold period applicable to any of the shares issued by the company as part of this $30M bought deal capital raise?
Granted, I hadn't thoroughly read the bought deal offering particulars as yet. Never the less, I suspect there is no hold period stipulated for any of the shares issued as part of this bought deal offering.
No hold period tells me that the sysndicate of underwriters not only can not loose; they have collectively already won Lire02.