the benefit is they can purchase the shares via an information memorandum rather then a more detailed disclosure document.
In essence the benefit is
you need fewer of them to get the $ being raised
it is quicker and cleaner for the broker as it involves less paperwork, disclosure, time and effort.
costs the company less
--------------------------
you will have noted any benefits reside with the broker and the company not with existing shareholders.
the benefit is they can purchase the shares via an information...
Add to My Watchlist
What is My Watchlist?