Thursday, July 12, 2018

My Email to SEC and Kiwis Bloom IPO Fees Are High

The investment bankers know Bloom is a very speculative piece of junk.  They are charging fees around 9% for the IPO.

A typical IPO of this size has fees around 5 to 6%

If the stock IPOs at $14 a share Bloom will only get $12.76 a share net proceeds.  This causes further losses to the New Zealand Superfund 

To the OIG of the SEC it looks like the Investment bakers that also own stock and notes in Bloomdoggle are playing games and have conflicts of interests up the wazoo.

To the Kiwis a wazoo is another word for a Bloomerang

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