definition of underwritten, page-6

LegsEleven, yes, they can (I've been using the example of CNN, where the SP was not to fall under .007, and it did and still is under .007 and Pato's is taking that one up). I am not in the inner world of brokers and companies, though, so only go on what I view in the market, whereas I am certainly not privy to *why* brokers and companies do what they do- and, for example, what was different between PLA and NAV and other companies.

We've had two extensions on GOA. Maybe the company is counting the cheques, and seeing how they fare. It would not be unheard of for some people to support a capital raising when the SP is under the raising price.