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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (36470)1/15/2010 10:17:29 AM
From: Grommit  Read Replies (1) of 78751
 
GOV. I guess this is how it works: The underwriters and other institutions continue to sell between now and Jan 21 at $21.70 and they close their positions by receiving shares via the pubic offering at $21.50 on Jan 21. With this morning's volume alone, they've already placed 3 million of the 9 million offering.

Is this how it is done?
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