Thanks JT.
Three months lock-up borders on re-defining the meaning of the term.
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Thanks JT.
Three months lock-up borders on re-defining the meaning of the term.
Shocking!
Who advised these guys?! They must have known that no forecasts, no lock up, and a greedy price range would be too much to shove down punters' throats in one sitting.
Hirepool Hirepool Hirerionool Hirerion Orion
Here's a new term ....
"Discount to IPO"
BB:)
I am curious regarding the question of whether this issue is underwritten ? If so I suspect the underwriters might be the ones to call force majeure...they usually have these sort of clauses in the agreement to avoid getting an absolute pasting.
The word 'underwr*' (underwriter, underwritten etc) doesn't appear in the investment statement.
I have applied for a few! Expecting significant scaling!
The 3 months escrow is only for Pioneer Capital (10% shareholder). Another large shareholder, G A Cumming, is holding on for 12 months from listing date. McCrae, Directors and Senior Management are holding on at least until the release of 30 Sept 2015 half year results.