http://www.bloomberg.com/news/2010-11-18/karoon-cancels-690-million-share-offering-in-brazil-on-market-conditions.html
I like this paragraph from the above the article..it speaks volumes of the the confidence they have in the prospects held.. great things ahead.. IMHO
?Previous IPOs in Brazil haven?t traded as well as they could have, so people were leery of taking the risk,? Hosking said in a phone interview. ?We would have had to drop the price in Brazil, and we weren?t willing to do that. There are far too many good prospects to give it away.
Good Luck to All.
bloomberg article -19th nov
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