anatomy of a raw deal, page-20

gself - You think I'm wrong re: Patersons? Well 1st up Patersons are listed on the relevant ASX schedule as the underwriters for the AXM share shortfall issue. Also listed is their fee of $5.7 million to be paid by AXM. Therefore Patersons are the primary underwriters.There roll is to provide the link between the priority pool sub underwriters & the general sub underwriters with AXM. The operative word here is SUB = under = below. Yes I acknowledge that the primary sub underwriters have the lions share of the shortfall issue with the minor portion to general sub. I think that for legal/accounting reasons the path of the 47% shortfall shares would first go to Patersons? Then Patersons would farm them out to the various sub underwriters as well as some to their own clients? Is'nt that why Patersons are getting $5.7 million for the job? I may not be correct but it seems a logical way to do things?