Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Regenx Tech Corp. RGXTD


Primary Symbol: C.RGX

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.


CSE:RGX - Post by User

Post by BurconNutriFanon Jun 09, 2024 12:11pm
130 Views
Post# 36079929

I think it takes a few days, not weeks

I think it takes a few days, not weeksEvery shareholder who oversubscribes is a separate calculation that has to be correct. Also every account you have is a separate calculation. 
The allocation is done by eliminating each oversubscriber who gets his allotment, then reallocating among the remaining over-subscribers until they either run out of unexercised rights or there are no more over-subscribers left. In other words, if one guy with 100k rights over-subscribes for 10 shares which is .01%, and everyone else over-subscribed for more than .01%, then this guy is first in line to drop out. If there are enough unexercised rights to give over-subscribers more than .01%, they all get that amount to start. Then the computer looks for the next person to drop and the process continues, over and over. The brokerages have to check these splits so it takes some time before they are comfortable enough with the allocations to put them in each account.  
I have rights in 3 accounts at the same brokerage. I wanted to oversubscribe by 12% in total, so to be safest, I went over by the exact same 12% in each account, in case there wouldn't be more than 12% available. If I over-subscribed by 14% in one account and 11% in others and they only had 12% available then my 14% account would only get 12%.
<< Previous
Bullboard Posts
Next >>