RE:RE:Dont think the financing will be doneIf the market price drops below the bought deal price before the bought deal has been sold to clients, the underwriter could take a loss. However, the underwriter has profit built into the price that they purchase at. Let's say when they sell you the bought deal at .43 there cost is actually .37 cents (that's how they make their profit). So they have some extra cushion built in to protect against losses. But, in some of these recent cases it looks like they'll be taking a loss or just hold the shares until they can sell them at a later date imo.