I've assumed that as the rights are transferable, therefore what...

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    I've assumed that as the rights are transferable, therefore what would the underwriter get? or would they get more fees or higher % discount for their trouble?

    I'm just painting a possible scenario, as per the recent MSB CR
    Sure, no one wants the SP to go lower than TERP, but it does happen and when it happens, the underwriter gets more shares - which is not a good look anyway, but the company still get their money.

    Anyway, it is all academic
    MBS got $75m through a debt facility and the market has responded positively
    So we can move on
    Onwards and Upwards
    Last edited by ddwn: 07/03/18
 
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