RE:RE:In the meantimemrshelving1024 wrote: Can anyone explained why Canacord would include the option of additional 15% up to the closing of Oct 24/16??? Timing would be perfect for a chip announcement in PS4VR. ..just thinking out load.
15% additional is a standard term for bought deals. Also a standard term is a 15% reduction, although this is rarely announced in a press release. If you look at the deal instead as a $7MM deal where the underwriters can sell as little as $5MM and keep the deal alive, that's always a better perspective.