RE:RE:RE:RE:So… Large sovereign wealth fundspeedy99 wrote: Thanks Monty, so in your experience, and based on the information we have, it is likely that Li Ka-Shing and the International Sovereign Wealth Fund have made the Order? And that the wording "indications of interest or expressions of interests" are just the cautionary wording used in these situations for the reasons you suggest? Do I have that right? Thx
IOI/EOI are the terms used for an "order" of a new issue being marketed by an investment bank. not cautionary, those are just the terms used as it's not an open order on the public market. banks will then allocate the bought deal as they see fit amongst their clients. we have no idea how much of the issue will go to Mr. Ka-Shing or the fund, or how much they expressed interest in. it was mentioned on the conference call that the offering shares were not going to be "on the market" anytime soon so they are insinuating that most of the issue is going to long term equity holders like this.
last filing on SEDI before Mr. Ka-Shing ceased to be an Insider showed 10,573,672 shares held and $500K in Convertibles.