JBR I appreciate your sentiment and I am sure everyone is feeling a little concerned at the moment but remember why they do a prospectus to start with...Its to raise money. Companies buying on market do not raise any money for the RYG/Raya to move forward. Secondly some of the bigger insto's dont want to buy on market because it is to hard for them to get their full allocation with out sending the price shy high. Could you imagine how good it would be for us all if some one came along and all of a sudden there was 320m on the buy side, the thing would go nuts and they would never get filled. So with that in mind they have to do a prospectus. the reward for doing it this is you get a discount to the price and the company gets the cash.
In a couple of weeks / months time this will all be forgotten and we will all be hailing the company MGM heros. I am pretty sure that like most prospectuses I have been involved in prior that there is a lot that happens behind the scenes long before release which all comes out afterwards and nearly always has a nice bounce.
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