Replies to post #2702 on InMed Pharmaceuticals Inc (INM)

[Lapbid]

"The Company has agreed to grant the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable in whole or in part, for a period of 30 days from the closing of the Offering (the "Closing"), to offer at the Offering Price an additional 15% of the number of Common Shares sold in the Offering, solely to cover over-allotments, if any, and for market stabilization purposes. "

So I guess your saying they get 15% option of all the new shares plus a 7 or 8% fee. mmmmmm.

Translation. After they sell all the new shares they will dump another 15% within 30 days.