invesment banking

Can anyone help explain how the process works for the following. Assuming your client is the seller.

- Once sll CIM's have been distributed, how long do you wait until you make calls to people who received books?
- What is the general script for those calls? What do you NOT want to say?
- If the prospect says they're not interested, how do you respond?
- My MD doesn't want to ask for indications of interest prior to meetings with management on this one. What if the prospect asks what price the seller is looking for or the seller's minimum price/multiple? Or how about how many other meetings are being set up? How do you answer these questions?
- How do you actually go about all the scheduling the meetings? Assuming we want to schedule several over a 1-3 day period. In one or two cities. Do you get dates from your client and then get dates from prospects? How do literally get everyone scheduled?

Thanks.

So I understand that GS/MS and the other banks that failed are independent investment banks without commercial parts.
And this having to do with risk exposure and etc.
Can anyone write a paragraph not too technical explaining this? Thanks.