RE:RE:This is only beginning...On its way to Zero !!bustarhymes wrote
Regarding the PP at 1.05, that is guaranteed to fail. Underwriters will take the loss of a break up fee and walk away from this, if it is to their benefit.
Highly Unlikely - this was a BOUGHT deal, not a best-efforts deal.
In a bought deal, the brokers assume the risk of re-selling the shares to their clients.
In return, they receive a hefty commission.
Usually the deal is fully subscribed within a day of the announcement.