RE:RE:RE:RE:RE:RE:RE:RE:RE:News releaseSame here no account changes. I gotta think it's issues with our banks as dealers and them passing things through their system before it trickles down to us, I don't think it has anything to do with the company itself.
I hold MKP in my TFSA and I don't really hold non-working capital in it, I was lucky I had just done my taxes and was getting a sizeable return when they made the rights announcement and I have a bunch of deposit allowance left, otherwise I likely would have been in the same position of you with a sale needed, they didn't give us much time to build up dividends to make the purchase. That means when I use up my deposit allowance I'm gonna have to try and keep some capital in something I'm willing to move out of quickly or cash itself, so that's a good strategy eye opener for the 2 of us. In my taxable margin account it's not as big of a deal, I use most of my margin, but I also keep a cushion to avoid headaches and I can add capital at any time.
I wish more companies did these types of rights offering when the need to raise capital, this process only took about 60-90 days, rather than secondary and the private placements (especially my mining or lower volume holdings). In my readings they say this is the least preferred method of raising capital and they run a risk of lack of interest. That doesn't seem like an issue if you price properly as we got interest in almost triple the amount avalible. This is the only company I've owned that has done this, most do private placements and those seem to close very quickly just a couple weeks and always seem unfavourable to existing share holders.
I would like to become an Accredited Investor to see what that's all about, but it's a looooong ways off.