RE:RE:RE:RE:Canaccord the Bookrunner
Luckboxx wrote: Yes, and the offering was upsized whereas you claim there is no demand from the accredited clients which is false
It doesn't mean squat for over-subscription or up-sizing...In the bought deal, Canaccord guaranteed they will raise the$41 million, but they still have to resell the placement to their clients. Their clients who might have spoken for it, can still back out under the Right of Rescission after the Short Form Prospectus is issued. Any unsold units, Canaccord will have to eat them.
There is also an escape clause for the broker/dealer under MAC out. Risks include Class Action lawsuit, regulatory SEC and BCSC actions and Foreign Corrupt Practices Act.