Bought DealInteresting, I have a mining company that had a BD 4 weeks ago for $50 million and an over allotment of 15%....I didn't see this on Win BD over allotment but wondered what they meant by market stabilization purposes.....sounds like price control but i am just guessing ..sounded strange to me....Maybe the same for Win....Anyone know what it means, i would be interested in knowing also
"New Millennium has agreed to grant the underwriters an over-allotment topurchase an additional 15% of the offering, which option shall beexercisable for 30 days following the closing of the offering to coverover-allotments and for market stabilization purposes. "