Date: August 19th, 2026 5:32 PM Author: lilac mind-boggling pit
The FIRM pitches a nonbinding but good faith ESTIMATE and gets CHOSEN for the matter. You should've seen the line for Saudi Aramco. They made Davis Polk partners wait in the lobby of Riyadh Four Seasons for 3 hours. And they were only 4th in line.
Date: August 19th, 2026 5:51 PM Author: lilac mind-boggling pit
Lol sorry bro no. Maybe one day. But today, if these companies want to continue their existence they NEED to access those sweet sweet capital markets. And the ONLY way through the gate of the capital markets kingdom is through V20 REG S-K seal of AUTHORITY. In a way lawyers are the last guardians of the future of humanity. A modern day knighthood of sorts.
Date: August 19th, 2026 6:05 PM Author: gunneratttt (gunneratttt)
I've always thought of it as Roman Augurs.
You will pay to sacrifice an offering with the appropriate religious rites that only we augurs know. I understand you have a bunch of guys that could do the same job. I understand you've even built something that you can do it automatically. I even understand that me, you, and everyone else knows that this sacrifice is meaningless. But you WILL pay and we WILL perform the augury.