RE:RE:RE:RE:IMP.RTI have never been through this and have no experience on this matter. But the way I read this is each share holder will be awarded right on a basis of 1 for 1. If these rights can be traded on that ticker I would be able to sell the rights just like trading a call option. I don't need to sell my shares, and the buyer doesn't need to own shares to exercise the option. A buyer can buy my rights, exercise it before strike date and enter imp position. I might wrong, as I said I have no experience.
WatchLearnEarn wrote: But if you sell, you're no longer a shareholder and thus have no rights to exercise at $.06. You can't just sell now at $.10 and expect to exercise rights for shares at $.06... maybe sell now and buy back on the open market if the SP drops to $.06, but you only have as many rights as the number of shares you own. No shares, no rights to buy shares at $.06.
54568546846357 wrote: Way I see it, it Support current price and you can sell to reduce your average cost by .04$ Is imp to announce something before strike date? Who knows... take .04 now or hold on speculation of sp going up within the next 30 days. That's the decision we are facing now really.