RE: RE: RE: RE: RE: RE: RE: RE: question?? Rights Gegetrane,,, exactly,,, as a matter of fact, without going and looking it up I don't know exactly how many shares I owned through various accounts on that day, but Orbite do!
And they will contact me and tell me the exact number of votes that I have.
I have been involved in Shareholders Rights Issuances before and I like them.
When you can raise money from your existing shareholder base without exhorbitant brokers fees and the dreaded warrants that then get used against you to short your stock by your "friends" on Bay St then it is a good day. Not to count that they also extort free warrants out of you if they can for their "services"
It is even better when you add on the satisfaction of ruining the Bay St Boys day and leaving them on the outside looking in for a change!
khareema stated that it is a lot of trouble.
Well, on a $30 MILLION fundraising at 7% that amounts to $2.1 million in fees alone not including the damage done by warrants.
$2.1 million in avoided fees is worth some trouble. Avoiding 30 million warrants,,,, PRICELESS!