Post by
Red_Deer on May 25, 2021 1:53pm
,,,,,,,,,,,,,,,RIGHTs........Will start TRADING.............
Will be INTERESTING to see @ What Price OUR Rights will BE later this week eh ????
Likely will Only be a Few PENNIES__as 10 Rights ARE NEEDED in order to GET 1 share @ 4.70
For example with the Current Price @ 4.90__the Rights should Trade @ 2.0 Cents.
The Rights will trade on the Toronto Stock Exchange under the symbol "III.RT" commencing on May 27, 2021 and will trade until 9:00 a.m. (Pacific Time) on June 25, 2021. The Rights will expire at 2:00 p.m. (Pacific Time) on June 25, 2021 (the "Expiry Time"), after which time unexercised Rights will be void and of no value. Shareholders who fully exercise their Rights will be entitled to subscribe pro rata for additional Common Shares (the "Additional Common Shares") in the Rights Offering, if available, as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in the Rights Offering Circular (the "Additional Privilege").
Comment by
egss on May 26, 2021 10:51am
May have to reprice if stock traades below offering. This stock trades so little very easy to manipulate likely bounce when this is over...
Comment by
Freemealforall on May 26, 2021 1:23pm
Doubt they will reprice...... over 46% already secured (directly), the rest also, if current owners do not buy (right of those who pay in fully in first tranche !!!). So, on one hand easy for Co, on the other very attractive for owners (at least majority owners !!!). They just "smile" for evwry % they might get on this account...... and - they will