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Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

GREY:PGDIF - Post Discussion

View:
Post by ekim on Jul 17, 2017 2:27pm

no volume

Everyone still waiting for the rights to show up in their accounts.

I looked this am and still not their.

LONG...PGD

EKIM
Comment by Kidlapik on Jul 17, 2017 2:39pm
Question for you Ekim. If I want to oversubscribe to rights does it matter when I do it between now and Aug.12? As in how are any non-exercised rights distributed to the people who oversubscribed? is it on a first come first serve basis or is it an equal distribution among interested parties?
Comment by ekim on Jul 17, 2017 3:06pm
Hey Kid, The press release says that the receipt of information, certificates will be July 24th. So, I would assume we can't give instructions until that point. But after that, anytime between July 24th and up to August 15th (although I wouldn't push my luck on August 14th/15th), you can give instructions. As for your second part, It is not first come first server...it is a pro ...more  
Comment by ekim on Jul 17, 2017 3:08pm
Sorry that hsould say that the retail investor X asks for 100,000 shares...not 100,000 million more shares. Although that amount of oversubscription may pay to build the mine. LONG...PGD EKIM
Comment by Kidlapik on Jul 17, 2017 3:12pm
Hmmm okay just wanted to see if I needed to do this right away or if I can sit and watch a bit. I am hoping that pro rata will mean equal opportunity to oversubscribe with the backstop coming into effect after the original shareholders. So whatever Eric/Robert cannot absorb due to ownership restrictions would first fill other existing shareholder oversubs until their maximum allowed then the rest ...more  
Comment by ekim on Jul 17, 2017 3:21pm
Yeah. Pending results..ie. intersections at depth..their may be very little rights available. The brokers in America will do anything possible to sell the rights in those accounts for cash assuming there is a market for rights. Those brokers would sell to Canadians over the market who then could exercise the rights. I would not assume that the log of American investors would create a big ...more  
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