RE:rights offeringThis is the first time I've experienced a rights offering. The one thing that concerns me is that the explanation given today in the letter to shareholders differs than what is written in the actual circular document with respect to the purpose of the rights offering. Maybe today is just further details (eg no mention of supporting ETI in the circular)
What do you all think will happen to the sp on Jan 29th? I hold what I suspect is a relatively small position (102k shares). I've thought about seeing if I can exit the position on the 29th then excercise all my subscribed rights and then use the remaining capital to for unsubscribe rights. I should have a stronger position even after the 2:1 consolidation. Thioughts?
I have two rookie questions: How will the MWX.RT work? My understanding is I can use that to sell rights if I choose not to excercise them. Is that correct? What happens if I buy any of the MWX.RT? Do I have to pay the MWX.RT price then also pay the $0.015 to excercise the purchased right? That what seems to me
Not that I will make a decision based on anyones response but I am curious how others are viewing this, what they plan to do etc. I definitely want to know more on how the MWX.RT will work.
Thanks in advance