Slate Grocery REIT T.SGR.UN

RE:RE:RE:Another BOTCHED Deal - RECEIPTS DOWN!!

[logicandinertia]

that isn't true.  the underwriters cannot sell the overallotment at whatever price they want.  it has to be done at deal price .

you are right regarding the bought deal though (in this case, the base 11 million shares or so).   that is not what i was referring to.    Yes, in canada, the underwriters take the risk when they price the bought deal that the order book is large enough to cover their liability of writing that bought deal cheque.   and they will want to get shares off their inventory if the deal is hung and they are long (as it ties up capital), which would upset those accounts already long from the deal.   we will know over the next week what direction this deal went IMO..

i assumed that the last bought deal they did in december was hung, as it traded below offer for a while.