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I called up my broker. She told me to get the rights i have to go to ATM and subscribe the right and pay as well.
But you said u wont buy the rights but sell. How do you do that...? Do you call your broker and sell your rights? Or you need to buy them first then sell.....?
So sorry for me to ask this stupid question. I am new to right shares.
Thank you guys.
yummysukiyaki ( Date: 23-Oct-2013 16:25) Posted:
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If you have 50000 shares, meaning 50 lots, you only get 25 lots for rights. Meaning you will be paying $125 for the 25 lots. In total after you exercise, you'll be holding 75 lots or 75000shares.
Hope this is clear for you.
If you feel that this company have potential, just hold onto your shares after you exercise. There's a lot of angry stuckist who enter above 10. I'm one of them. LOL! But everyone got their own point of view. For me and some of the bros and sis here, we would rather wait for the price to run up and we can exit with some money as our entry price is too high and we rather forego the free rights. When we feel the price is stable and everything factored in, we can consider entering at a lower price(hopefully). Just my point of view. DYODD
ninjawarrior ( Date: 23-Oct-2013 12:02) Posted:
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To me, I wont buy the rights but sell and if the stock price rises before XR, I will get rid of the mother share.:D
fundamentally no. but anything can happen for speculation.
yes. can convert. but need to pay to convert. cheaper to sell rights if u dont wanna put in extra money
ninjawarrior ( Date: 23-Oct-2013 12:02) Posted:
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...is this a good deal the offer is at 0.005? I need help.
For instance i have 100000, bot at 0.007.
Rights offer is 0.005. And i am only offered at 50000 shares to buy 1 shares for every 2 i owned. That means 0.005 X 50000 = S$250.
or every 1 i owned i can buy 2 shares @ 0.005. Means 0.005 X 200000 = S$1000.
Can anyone help?
Another question....
Can i convert my rights to mother shares or can i just sell in the open market for my rights shares and get the profits?
Thanks
terencee ( Date: 23-Oct-2013 09:05) Posted:
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1 share for every 2 you are holding. Exercise is $0.005. This month 29 is book closure date.
crashburner ( Date: 23-Oct-2013 08:56) Posted:
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any idea what the rights issuance is about or what it can do?
Waaaaaa....ICP is catching up....Hehehe
There will be another bid for rally .... LOL
Is there another bid for reverse take over in November 2013?
Don't bother abt now.. See future... It just need a few days to make you richer by folds.. Lol
This stock make me poorer everyday:$
RIP ...............................
Not dead... Resting relax... Once other pennies settled... It will fly... Lol
Dead counter ............
004 soon
Will
it moves forward or backward now? Hoping to buy at .004....Hehe
Yes.. just be patience.... soon....
Soon....
crashburner ( Date: 25-Sep-2013 16:34) Posted:
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hope that this will run like IPCO