That's my guess too. But it has to be a stitch-up at 4 times the...

That's my guess too. But it has to be a stitch-up at 4 times the market price. They would have to be plain stupid to subscribe & how long will they have to hold to sell them, when they are cued up on the sell behind 400 million? They would need to go up 3 times, just to get their money back. Why wouldn't they buy 4 times the amount on the market for the same price & sit on them for the next year or two, waiting for a sale? But while also risking a consolidation. The underwriter, will be hoping they don't sell half , so they are not stuck with the rest . Imaging you subscibed & the day after getting them , they are worth a quarter of what you paid , and you need to wait 18 months to sell them.So spend $500 subscibing or $500 on market for the same number of shares . Stupid is stupid .