I just saw the Fin review TV. That report has major implications for the after market boyz. apparently small to medium Fundees have been getting allocations through the Retail broker Firm bids in IPO's ( e.g.: HSO etc ) Feds are going to Audit all the broker firm bids to eliminate all the Small to medium Size fundees.So what does it mean. With massive demand expected from Overseas instos and allocations to them, Local Fundees would be Squeezed out their balls to get much allocations. Hence the after market would be even stronger than what we expected. This is reported as Breaking Story just now. cheers. It also means we may get even 45 or 50% of what we bid.
