ok - it's just a whinge! But I feel a rightful one! In the Prospectus Item 3.5 it states that any shortfall will be allocated to SH's who apply for more than their entitlement. Item 7.3 - Underwriting Agreement - makes no mention that Novus must be consulted and their agreement sought for placement of shortfall applied for shares. In their agreement they certainly get a heap of $'s for just being "the underwriter". So why does GGP management now need to consult Novus - it is quite clear to me - this offer was for "retail" SH's and if the shortfall is fully applied for - then Novus should not enter into any discussion. Any opinions?
GGP Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held