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Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

TSX:ZENA - Post Discussion

Zenabis Global Inc. > Okay - I admit I'm clueless
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Post by Dryale1 on Nov 15, 2019 9:41pm

Okay - I admit I'm clueless

Would 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.
Comment by truthseeker1 on Nov 15, 2019 10:06pm
the rights will be removed from the market in 30 days and whomever has them will have their broker convert them on a 1.5-1 basis U can as I did sell the rights ;I got .025 for my 165K today I would never ever invest 1 more cent in this diabolicale scam run by a group of morons ;; I see no good reason to ever buy rights ;; 
Comment by Foxbat143 on Nov 16, 2019 6:41am
Dryale 1.  truthseeker1 have a good explanation. I am not going to argue with his opinion. But he did give you what I believe is his honest opinion.  Okay let me give you an alternative explanation. I understand your position and I will give you an example  Say you have 6,000 shares you will receive 6,000 ZENA.RT in your account.  That is step one.  You will see a ...more  
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