RE: RE: PerceptionThe thing with the PP is that Canaccord stuffed a bunch of institutions into the financing because they knew they could. If the institutions didn't participate, they would not be part of the syndicate that Canaccord goes to for their next deal with. The institutions don't care what the deal looks like, they've got lots of money that they need to place into flow-through transactions.
Its a great set up.
Step 1. AOS gets the much needed money from Canaccord at a premium to what the market is trading at.
Step 2. The institutions get to fill their flow-through demand knowing full well they get more money next year because of it.
Step 3. Canaccord gets paid 6 to 7% for financing AOS.
Step 4. Current shareholders get hurt because the cost base isn't
.50 to the institutions.
Step 5. Management gets the opportunity to gloat cause they've been doing things.
Step 6. We all complain about the bid/ask of the stock.
Step 7. Wait until November and do it all over again.
Great country!!