That sets my mine at ease. That statement is all that was needed from the get go.DR1 has nothing to do with this offering. Purely informative.
That sets my mine at ease. That statement is all that was needed from the get go.DR1 has nothing to do with this offering. Purely informative.
Most investment houses that tout a stock are more often than not paid in stock.....often times based on how much of it they can sell to clients. They are not unbiased sources of information.I feel this is a form of promotion and I "think" one must be licensed to do that. Whatever, count me out.
One might stand a chance getting a better return by investing in Haiti..Most investment houses that tout a stock are more often than not paid in stock.....often times based on how much of it they can sell to clients. They are not unbiased sources of information.
Note that this IPO was scheduled to go public more than a year ago and for whatever reason or reasons has been delayed.
Note also that only 30% of the stock will go public. The rest remains in the hands of the founders/family. With so little "float" this is an offering that could be highly manipulated price wise.
Further, that without sales restrictions, those founders could conceivably dump large blocks of stock onto the market to take advantage of any hype in the price by those same investment houses.. The effect of this would likely dilute the value of the current shareholders equity.
Finally anyone interested should read and study the prospectus and current/past financials of the company.
One last thing, there is no Blue Sky Law in the DR.
Best of luck to those so inclined.
Respectfully,
Playacaribe2,
Haiti, it's not your Parents' Somalia!One might stand a chance getting a better return by investing in Haiti..
I feel this is very good background info which conveys an understanding. My question is "investment house". Who is this? I didn't think DR had proper investment houses such as Morgan S, JPMC, Goldman etc. I thought BHD is just a folks' bank acting as an underwriter for the IPO in this case. Are they broker/dealers?Most investment houses that tout a stock are more often than not paid in stock.....often times based on how much of it they can sell to clients. They are not unbiased sources of information.
I am not sure if BHD is a broker-dealer, but they certainly, like the other large banks, have an investment arm. Yes, they may be underwriting the issue with capital and advice about getting it to the ipo/listing stage, ditto Squire Boggs Patton the legal firm advising them on Dominican securities regulation.I feel this is very good background info which conveys an understanding. My question is "investment house". Who is this? I didn't think DR had proper investment houses such as Morgan S, JPMC, Goldman etc. I thought BHD is just a folks' bank acting as an underwriter for the IPO in this case. Are they broker/dealers?
Actually, until the IPO starts, the DR stock exchange is composed mostly by bonds and other fixed investments and the returns in those have been among the highest in Latin America for several years.One might stand a chance getting a better return by investing in Haiti..
BHD and Popular are the underwriters and will be the emitters of César Iglesias stocks during the IPO. Once all the stocks are sold, the secondary market starts when owners of the stock are able to buy/sell some or all of their stock to others. That's where usually the gain starts, as the price of stocks during the IPO is almost always much lower than what the prices will be after the IPO.I feel this is very good background info which conveys an understanding. My question is "investment house". Who is this? I didn't think DR had proper investment houses such as Morgan S, JPMC, Goldman etc. I thought BHD is just a folks' bank acting as an underwriter for the IPO in this case. Are they broker/dealers?
Never a sure things when it comes to stocks, but the risk is much lower in this case.Sounds like a sure thing.