RE:RE:RE:KRC Insights’ analyst Bruce Krugelall equity research reports are paid for ... doesn't matter which shop does the report (nesbitt burns, dominion securities, mcleod young weir, tdsecurities, etc.) they are all paid for - direct cash or with a lead on a new equity placement where the commission covers the cost of research. Fund managers who work with Adelaide Capital will see the report, as Adelaide will peddle it to drum up interest in the next equity issue by MBX which Adelaide and Industrial Alliance (the other research house covering MBX) will lead. The funding will come after the share price pops on news of sales levels for VTM, QAPs or kinlytic deal. My bet is that after a kinlytic deal, the share price pops strongly, and a new equity deal is done to help finance the production of VTM, QAPs and kinlytic.