TSX:SGR.UN - Post by User
Post by
indoubtgetouton Mar 31, 2021 11:47am
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Post# 32914247
Another BOTCHED Deal - RECEIPTS DOWN!!
Another BOTCHED Deal - RECEIPTS DOWN!!DO NOT BUY ANY NEW ISSUE OR NEW SECONDARY OFFERINGS UNTIL SUCH TIME AS THEY GO UP AFTER THE ISSUE RATHER THAN DOWN. TELUS ANOTHER GOOD EXAMPLE OF A BOTCHED SECONDARY.
SO LONG AND SHORT - DO NOT BUY ANY NEW ISSUE OR SECONDARY OFFERINGS AS THEY WILL JUST TRADE LOWER THAN WHAT YOU WILL PAY - WAIT AND DO NOT BUY THE IPO OR SECONDARY AT THE ISSUE PRICE - WAIT UNTIL THEY TRADE - YOU WILL GET THEM CHEAPER!!!!!!!!!!
UNDERWRITERS OF THE RECEIPTS ARE SELLING THEIR OVERALLOTEMENT AT A LOWER PRICE THAN ISSUE AS THEY ARE STILL MAKING MONEY DUE TO THE COMMISSIONS THEY WILL EARN.