Who?
Most people on the street have broken, burnt books. Financiers have been telling me for 3 years now that their players who once risked 100 to 200K at a crack will give them 15K now if they give at all. Even with the GP, this has not changed. Of all the mining brokerages out there, there are only Union, Haywood and GMAC (maybe a few others, but I have not seen much success lately out of any of them.) who might be able to support a market in reality. Canaccord can get the money sometimes for a blow out play, but in reality they relied in the recent past on associates who were independent to get their fills in IPO's. If Canaccord's book is burnt then there really is no risk market out there to speak of. And Canaccord is only the preference of sleazy directors who only want a pump and dump. They short the crap out of your stock. If you found a real mine like TG, Canaccord would go bankrupt. The game is rigged as probably the highly slanted (towards their members) TSXV would let them out of their essentially naked shorts. The smaller houses cannot raise a nickel for a real mining play as they have no analytical staff, and their books were always impoverished to begin with. Even Haywood and Union who have MA staff are weak unless they throw their own money in. Most MA's change houses like people change underwear. The banks took over many of the good brokers of the old days, such as Nesbitt, and all they want are order fillers. They would not have a clue about an IPO on a real deal worth the risk. All they do is follow the crowd with a horde of day traders. And in mining that horde has been dwindling. If you travel the street looking for a mining IPO it is a desert out there. I have been through 40 brokerages and they all suck s*****. Most of the smaller houses will take your money and do nothing. Crooks in effect. You pay them and all they want is for you to bring them ALL the investors. And I would not trust them any further than I could throw them if they brought you their book for an IPO as they will dictate what you can do every step of the way. Junior mining company? Want to do an IPO? Find a private money broker and fill the deal, with a pliant broker who will NOT be a sponsor or demand a full percent of your private placements, get a green shoe, want a guarantee, or get an exclusivity on financing. If they want in it's best efforts if they can fill, not dictation. Otherwise forget it. You will lose the company to assholes. The trouble with the TSXV is its members are assholes who want to run the show, being the only door into the game. And they don't know what they are doing in mining. And it's all your people 90% of the time.. Presidents' list my ass. They could not fill a bucket with water in a monsoon.
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