The bigger the shortfall the better!
Why?
Because it is fully underwritten and this brings in many new "sophisticated investors" as holders and Goldman Sachs will really not want to burn these guys.
Will be a very interesting week or two in regards to seeing how the major holders move, hard to imagine old Soloman Lew not being involved in this bloodbath
I stocked up at 77.5c for about triple what my entitlement was and will let the underwriters fork out 94c.
Still only brings my all in average to $1.10
MYR Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held
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