That was no investment banker, just a robber/trader.
A.G. Edwards, a member firm, is the reason for the OS shares. EL did a deal with them, including A and B warrants. A.G. Edwards took a fat commission and then flipped the deal to offshore sharks. Thank gawd that's all done but the stink resonates.
A fictionalization...
...Look'a here, I'll give you a dime for your buck's worth of technology. No? Howz'a bout a quarter? What, no again? I'm talking millions here, I'm talkin' sponsorship and a stock appreciating higher. Well okay, last offer. I'll buy 20 million yankee dollars worth at 10% below a five day market average with a two year hold on registration but I want a 50% coverage in warrants, good for five years at a 10% premium. And I want two seats on the board. (My only guarantee is I will front you the money, just give me control.) Take it or leave it.
And (a year and longer ago) Kleiner, Rodman, Unterberg, Jefferies took a walk - keeping names and numbers on the do call list.
A lot has happened in the last year....