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11:19
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Originally posted by Poorrundownhill
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There is a seperate underwriting agreement if anyone bothered to actually look at SEC submissions. It’s 35 pages long and if you take the time to read it you would see certain phrases and sections which make it sound very much like it’s underwritten. For example the additional lock up period for shareholders has been requested by Boustead. Obviously this isn’t because they care about the performance of the company post ipo, it’s because they are worried about a dump because they may still have exposure.
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I have read the agreement you are talking about , and to me it is a standard, non binding , evasive agreement , with no firm commitment at all from Boustead to underwrite .
