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TetonBill

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TetonBill

Re: BTH post# 2949

Wednesday, 10/27/2010 12:41:46 PM

Wednesday, October 27, 2010 12:41:46 PM

Post# of 80490
If this were a best efforts underwriting, it would be a different story. But since this is, as far as I can tell, a firm-commitment underwriting, the BANKER HAS COMMITTED TO BUYING ALL OF THE NEW SHARES AT $3.70, so yes, he has a big role in deciding price and timing. And he hopes to make a bundle on the over-allotment.
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