With Paterson's underwriting the shortfall I am wondering what is their financial risk? They get a fee for the shares that they underwrite, but do they now have to try to offload the shares to their clients so they don't make a loss if the shares go to $0.001 or what?
I am trying to understand what is in this for Patersons. Looks like a lot of share holders didn't take up their entitlement so is this looking bad for the underwriter?
What is Patersons' risk?
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