RE: Underwriters get the Rump Steak14 Apr 2023 16:30
I know what a TERP is, thanks.
In theory, there is no difference between theory and practice.
In practice, there is.
You can quote theoreticals all you want, markets work on supply and demand, and when a massive amountt of new shares hit the market, well... I am sure you can work that out for yourself.
If your theory was correct, we wouldn't even be at this price (under the TERP) now, would we?