Share
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string(831) "[QUOTE=Owner9;790241]After seeing the response, seems Victory wants to hold back and release as minimum as possible units under Pre Launch so as to sell them at higher price later.
By backing out on their promised quota (and being ultra greedy), they are alienating both investors and brokers while also spoiling their reputation (if they had any) in the market.[/QUOTE]
Owner9,
I have a different thought here.
Victory has given inventory to underwriters/brokers as per their agreement only.
However since this project has got good response, so brokers are trying to act smart here by holding some of the units and saying that "company has not alloted units".
Brokers know that they would be able to sell these units at lesser discount (i.e. premium).
See the earlier post, where in-town is trying to do this with asheesh01."
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Originally posted by Owner9
View Post
After seeing the response, seems Victory wants to hold back and release as minimum as possible units under Pre Launch so as to sell them at higher price later.
By backing out on their promised quota (and being ultra greedy), they are alienating both investors and brokers while also spoiling their reputation (if they had any) in the market.
By backing out on their promised quota (and being ultra greedy), they are alienating both investors and brokers while also spoiling their reputation (if they had any) in the market.
I have a different thought here.
Victory has given inventory to underwriters/brokers as per their agreement only.
However since this project has got good response, so brokers are trying to act smart here by holding some of the units and saying that "company has not alloted units".
Brokers know that they would be able to sell these units at lesser discount (i.e. premium).
See the earlier post, where in-town is trying to do this with asheesh01.
. 
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