Haywood Securities bought deal @$9.50I have been trying to decipher the intricacies of the "bought deal" by Haywood Securities recently announced of Recaf. It seems they have made a major bet and are very confident of the stock surging.
it seems they are currently valuing a share somewhere around $8.00 US. But they have clauses in the agreement with levels expected to be several times this.On the surface this is very encouraging in the short term. But they also have clauses in there cashing them out at a high price when and if Reconf surges. Maybe just "boiler plate" on these type of deals but something to watch out for nevertheless.