RE: Blue SeamTD has done just fine with a share of a 5% UW fee- 8 million dollars. Most likely good profits as well from the short hedge put on. As for the 80 million very little of it any ends up in TD's hands. A bought deal does not mean they own it all. Most this deal or all is passed on to retail on any interested buy side people. Remember in the investment banking world they are in it for fees on the deal. The "merits" of deal are of no interest to them. Cavet emptor.