Ainsworth Lumber Co Ltd ANSBF

Rights not in account

[twm123]

I still dont have my rights in my account, does anyone have them yet?

[Tobuyornot]

PI Financial apparently!

[twm123]

So you dont have yours yet then right? 

[Tobuyornot]

I bot some on open market but otherwise no.

[twm123]

thanks.  Dude this is pissn me off i WANT my rights.  lol

[TIMBERONE]

Seems like a great buying opportunity!!

[TIMBERONE]

the sp should be sitting at least at $2.50

[oceaneleven]

We seem to be priced in around the same sp that was trading before the official announcement.....

[twm123]

  Well i dont know how we calc this.  I am pretty good with math, should be (im an accountant) but not sure on this one.  Ive seen it calc as right plus share price divided by two, and that seems to be close to what we are at now.  Where do you get the 2.50 from?  IMO these are going to be highly volatile times and we probably wont get a true share price for a couple

[thedave2006]

last trade on rights is 1.39.  for each right you get a chance to buy 1.388422 shares at 1.25.   1.388422 * 1.25 = 1.7355275   cost to you is 1.39 + 1.7355275 = 3.1255275   each share = 3.1255275 / 1.388422 = 2.25   ps.  when action subsides....this is how it is calculated, give or take any selling pressure down or buying up of which can make the sp and rt sp go

[twm123]

You the man Dave.  that looks right on. 

[Tobuyornot]

I don't think that's right Dave.   1.388 shares for $1.39 + $1.25 =$2.64 for 1.388 shares.

[thedave2006]

1.388422 shares at 1.25.

[Tobuyornot]

But you just said you bot for $1.39 THEN it's plus $1.25

[thedave2006]

buy 1 right 1.39.   exercise the 1 right at 1.25 per share for 1.388422 shares = 1.7355275   cost = 1.39 + 1.7355275 = 3.1255275   share price = 3.1255275 / 1.388422 = 2.251136542059979

[Tobuyornot]

"1.388422 * 1.25 = 1.7355275" This inverts the formula It should be 1.388422 / $1.25 =  $1.11 per share 1.388422 / 1.39 = .9988 cents per share Total cost per share $1.11 + .9988 = $2.108

[thedave2006]

ok who is right me or tobuyornot.  imho, 1 right gives you a chance to buy 1.388422 shares at 1.25 per share.

[mohasa]

 imho, 1 right gives you a chance to buy 1.388422 shares at 1.25 per share.:  That's what the prospectus and news release say! For each Right held, the holder thereof is entitled to purchase 1.388422 Common Shares (the "Basic Subscription Privilege") at a price of $1.25 per Common Share prior to 4:00 p.m. (Toronto time) on December 21, 2012 (the "Expiry Date"

[huddle]

You got it right Dave !

[twm123]

That seems right my friend. 

[mapmaker]

seems right but when i do my math i get: share price = $1.90   But then again, my math doesnt hold water.

[Ciao]

I spoke to the CFO a few weeks ago.  I right gives you privilege to buy 1.4 shares and the market also telling you that today.  That confirmed my previous post when right issue came out and I knew 140 million share would be issued, I thought perhaps 1.4 rights to buy 1 share but it was 1 right to buy 1.4 shares.  I soild my shares this morning at $2.95 as I knew value of stock and

[Tobuyornot]

" I thought perhaps 1.4 rights to buy 1 share but it was 1 right to buy 1.4 shares." CIAO Precisely making my point.  So far only Ciao and bridgetonowhere and tbon agree.