Ann: Entitlement Offer Update, page-5

Wow!!! the sub underwriting was quick. I'm surprised it only had taken a day to convince the subunderwriters to come up with 20million.
May not be the sinking ship many are suggesting. from my calcs this group effectively hold circa 45% of BLK. That is a huge bet for these sophisticated investors and institutions??? A bet that these guys often do not take. Very interesting maybe I should have participated in the Rights issue after all.