RE:RE:RE:RE:RE:RE:RE:RE:RE:Just put in my order for some of the offering at $1.50You Sir are another one that doesn't know how these deals work. I have 3 diffrernt brokerage accounts and if any one of these brokers are participating in a deal they put a link in the trading tab on to new issues. I even receice an email[with 2 of them when they are annouced. If i am interested I put in an order for the amount of shares requested and depending on the interest in the issue will receive some or all of the order. If the shares open higher I am ahead if the shares open lower I have a loss. All new issues are priced below market to insure they sell. Sometimes they are only 3% like the Telus offer last week. On a smaller company like this the discount is almost 10%. Sometimes thet also offer warrants. Next time maybe you can purchase this way also.
quote=TrevDesch]
Why would Scotia sell the shares to anybody at $1.50
if the current price is $1.68?
They get a deal since they are backing the deal - they profit off of unloading the shares. You think they do this for the retail investor? For free?
Financial backers of bought deals don't owe their retail investors anything.
Good luck on the $1.50 shares!!
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