$ 20 million bought deal .It's very unusual for a small company like E to get a bought deal for this amount .
Canaccord Genuity and Raymond James are taking all the risk and these two rarely lose . Once these shares are sold they will support the stock price because they want to keep their buyers happy .
" A bought deal occurs when an investment bank agrees to purchase an entire issue from the issuer, and then resell it after. A bought deal usually favors the issuing company in the sense that there is no risk to the financing—the company will get the money it needs. "