BCS 0.00% 40.0¢ brisconnections unit trusts

it is interesting how they keep claiming that the IPO documents...

  1. 6,716 Posts.
    it is interesting how they keep claiming that the IPO documents are binding on the investors ( even those who were not involved in the IPO ), but on the other hand the underwriting agreement is apparently not binding on the underwriters.

    I suggest a few holders start writing to Rowe demanding that he prove that the underwriting agreement is still in force, before they part with their money.

    I am only on the hook for 2k here ( and another 2k next year ), but I will not be happy if I actually pay up and then see the whole project collapse because the underwriter wriggles out of their obligation to pay.

 
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