I know that the Sept. registration was options-related. MSDW is only a possibility, as they did the execution that time and may have some ties to USWC since.
However, the initial S-3 (the 'shelf') does not mention an underwriter, nor do the news. Usually, other shelves mention an underwriter, or at least contain an initial, to be completed "Underwriting" Section which is missing here. Hence, it is not very likely that they plan to use one.
Per now they have none. They did the shelf by themselves.
Any underwriting compensation which we pay to underwriters or agents in
connection with the offering of securities and any discounts, concessions or
commissions allowed by underwriters to participating dealers will be set forth
in the prospectus supplement. Underwriters, dealers and agents participating in
the distribution of the securities may be deemed to be "underwriters" within the
meaning of the Securities Act, and any discounts and commissions received by
them and any profit realized by them on resale of the securities may be deemed
to be underwriting discounts and commissions under the Securities Act.
If any [or] underwriters are utilized in the sale of the securities, we will
execute an underwriting agreement or a purchase agreement with those
underwriters at the time an agreement for the sale is reached. The underwriting
agreement or purchase agreement will provide that the obligations of the
underwriters are subject to certain conditions precedent and that the
underwriters with respect to a sale of securities will be obligated to purchase
all such securities if any are purchased. In connection with the sale of
securities, underwriters may be deemed to have received compensation from us in
the form of underwriting discounts or commissions and may also receive
commissions from purchasers of securities for whom they may act as agent. |
