APC 0.00% 0.1¢ australian potash limited

They are being too cute calling an underwriting agreement...

  1. 603 Posts.
    They are being too cute calling an underwriting agreement "oversubscribed". Underwriting is successful or it isn't. At best, too much demand means the agreed underwriting fee was too high. It is better to have 99% underwrote at 1% fee than 100% at 6%.
 
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