CDU 0.00% 23.5¢ cudeco limited

"Can some one explain why the underwriters are taking a million...

  1. 46,260 Posts.
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    "Can some one explain why the underwriters are taking a million oppies at $2 if they thought they wouldn't be in the money"

    Because they are free ?? they are getting paid $500k and are basicly taking no risk - the 4 sub underwriters are carrying the can - The oppies are a bonus ( cream on top with sprinkles ) they may be worth something or they could expire worthless like the CDUO $2.50 ones from 2013 just did !
 
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