anyone else received the call?, page-22

Hi Guys,
Isaac88 I posted last week that frequently underwriters (ie stockbrokers) will get their junior brokers to ring a group of small investors from a share registry to explain any rights issues etc that may be on offer at the time. This has a two fold purpose, firstly it gets the junior brokers talking to qualified prospects, and hopefully they can begin to build a relationship, leading to a new client down the track. Secondly it is usually the small investor who is less sophisticated and therefore is more likely to have questions regarding the offer. Obviously it is in the best interest of the underwriter to get as many shareholders as possible to take up the offer, and if a shareholder doesn't understand the offer they are less likely to participate. Underwriters earn substantial fees and have to be seen to justify them somehow.


Klobb how are you doing? You seem to have a bit of a problem understanding that SDL have already got the 10 milliom dollars. That is the job of the underwriter who guarantees that they will provide $5 million should there be a shareholder shortfall, (and KT is providing the rest) So at this point in time and for the forseeable future cash flow just aint a problem.

IMF in Cameroon, SDL have exactly the type of project they are looking for, the more I think about it, the more I'm expecting an announcement.

Ciao HB.