Broker Data, page-135

I'm not sure the view of a couple of posters here and there represents the view of the faithful. I've always maintained the important and meaningful institutional support typically does not occur until much later in a company's evolution simply because they do not take the same speculative risks in investments. As for Moelis and BY what do they have to do with institutions? They'll sell the story to anyone, as long as they can get their commissions. You may be right, management may have tried to over emphasise the insto involvement but I believe this was due to their incessant focus on a US listing and I personally was never comfortable with that aspect and glad to hear them say recently that this is no longer a focus.