Over-allotment optionWhat do people think of this, which gives the bought deal participants access 625k shares at same price anytime in next month. If WIN needed this dough, then it would be in the deal already closed, and not left discretionary to buyers. If not really needed, then why more dilution, and what purpose served? Basically, it could smoothen out any sharp runs over next month, because the brokerage houses would buy and dump for immediate gains. But hard to see why this needed, since the shares just sold are available for this too. And not obvious why smoothened run-ups are in company/shareholder interest. So why do this, that's my question. Is this a common feature of bought deals?
Gormless