pru exercising.......bgf underwriting balance , page-2

to me thats very good. PRU have taken up their options, which I always thought they would and Im positive they wont sell any, why would they and there isnt enough on market for them to even have a half go at it. They want the percentage of BYR if not more.

And if BGF Equities have underwritten the remainder and any shortfall then that's also very good as it tells me that they were comfortable with BYR through all of this, they wouldnt recommend a sell to their clients then go back to them a tell them to buy BYR again. Its a fair bet they maintained their HOLD recommendation through this.

Also they can push the SP now so their clients are in the money when they issue the shares out.



But so far its all good.