Why is it standard practice for companies to announce the pricing of a new note issue that doesn't include the pricing? The announcement says $300 mil 5 1/8% due in 2021 but nothing more..... You're left to guess whether it's priced at par, at a discount to par, or a premium..... This is not a BGCP specific problem, I'm just generally grousing.... and I wonder why they chose to not register the notes?
A niche product people need????? That was my thought originally when I bot in over 4 years ago but thankfully, I gave up on that idea 2 years later when no revenue ramp up appeared. Another 2 years gone and STILL no new revenues. So apparently not a whole lot of people have been convinced they need this product in over 4 years.... Sooner or later, reality has to hit that "people" have already spoken about how necessary MOSY's product is.in the marketplace.
You have to love the wording of the announcement - "Harris & Harris ....will begin to offer ...the opportunity to co-invest with Harris & Harris..." Yes, come along with us on the investment opportunity of a lifetime! Check out our long-term performance for our shareholders and join in on the fun they've had! Who wouldn't want to be offered that opportunity to duplicate the wealth destruction we've achieved for them once again?