when you have a company announcing that they have a willing...

when you have a company announcing that they have a willing buyer for half of any shortfall that is supossed to be an inducement to give potential existing shareholders to participate in the offer...apparently the party now has about 3 months to take up any shortfall but if it turms out that the party has an escape clause so that they dont have to take up that shortfall if the share price falls below the offer price in the next 3 months then they would obviously idiots not to use any escape clause...

i dont really know how these thigs work but if the fifty percent underwriter can back out due to subsequent events but the regular shareholders cant back out, that could be some kind of injustice to the share holders, because after all many times having the underwriters are the only reason regular shareholders take part in the issue, because they are following the lead of the underwriters, and if i happened to be one of those share holders i'd be pissed of that i was treated unfairly...isn't that why they have minimum subscription offers

in other worde if the underwriters dont take up the shortfall in the next 3 months i believe the offer should be cancelled and money returned..