Q: Thank you for promptly answering my question on Silver Corp Metals. I have a follow up question. When a company does a "private placement" for convertible debt my understanding is that a bank/brokerage house will offer this placement to clients who have accounts with them. I guess that means that DYI investors who do their investing with a discount broker, in my case RBC, do not have access to these types of placements. Is that correct? Will that placement eventually end up on an exchange and be open to trading on that exchange? If the answer is yes then how long does it generally take for a private placement to end about on an exchange so it can trade? If the answer is no, then how does the investor who bought the private placement eventually liquidate their holding? I am just trying to get an understanding of how this works. Thanks for your help.
5i Research Answer:
In a bought deal there is a 'selling group' and to get access to the deal one typically needs to...