11-06-2013, 06:55 AM
Thanks for the heads-up! I'm supposing that as IPO lead manager, it's completely reasonable for Piper to suspend its rating on NQ, especially in order to demonstrate impartiality under the circumstances (which include a former PJ employee working as NQ cfo). I'm sure they're gearing up to do more dd and looking to obtain more data before publishing an updated rating.

