RE:RE:RE:RE:RE:RE:Placement @archeo.
A bought-deal means that the lead broker is writing a check to the company. Therefore the broker is on the hook for any shares that it cannot place. It also explains why the commission on such deals is higher. Give Mackie some credit for having found buyers for the share offering.
The stock is under pressure now because the issue is probably not completely sold yet. Tomorow will be a strong test because settlement of the issue is Jan19. Speculators will sell if they don't make a quick buck. If the stock doesn't move much within the next week, this will tell us that Mackie still has shares to place. So for those complaining they were not contacted to partipate, you have an opportunity to currently buy below issue price in the market. Now, who wants to debate whether this financing is worse than the convertible debt issue done a couple of years ago?