Excuse my ignorance but can someone answer this question please. I would think that underwirting means that some organisation has or will agree to pay the conversion price of the option shares for those shares that arent coverted by optio shareholders? I see this as a good outcome for the company as it guarantees these funds.
But my question is, how is this a win for current and future potential option holders?
Surely it means that the company has no motive now to increase share price in the near term if underwritng is agreed?
Excuse my ignorance but can someone answer this question please....
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