Okay - I admit I'm cluelessWould anyone be willing to share what they know with someone relatively new to investing and cluess about this Rights Offering process? Try as I will to dig up information on line on how it works, I'm coming up dry,
My shares finally showed up this week in my self-directed banking platform under ZENA.RT.. but it says I have the same number of shares under .RT as I do under the regular Zena ticker symbol. It says I can buy or sell these shares. Why doesn't it actually reflect the true number of shares, once divided by 1.5?
Second, if I buy someone else's shares under the .RT ticker at 0.02 or 0.03 cents per share, what am I really paying in the end? Where does the added 0.15 cents get tacked on? Or does it? How or where do I pay that if I need to pay more than 0.02 cents?
Third, will those shares bought under .RT automatically convert to the regular Zena shares after Nov 27th? Remember, I don't have a broker. It's a self-directed platform.