Post by
Foxbat143 on Nov 21, 2019 2:45pm
StoneMan45
I am too lazy to refer to my letter from RBC. According to memory I have one day after expiring of the Rights (expires on Nov 27th thus I have until Nov 28th to deliver my request). This is my question. The fulfilment of that request for additional Rights is on a prorated basis. If I wish to make certain that I have a chance to acquire another 60K rights to hopefully get 40k shares (this is my situation) should I advise my broker to request a higher amount?
The reason I ask for an opinion is that I thought (received RBC's after I exercises my Rights) that it would have been based on the amount of Rights that I exercised. Now I see that it is based on my request.
Not suggesting that anyone should ask for a higher amount.
Now for a second question. Do you think that there would be a large amount of Rights available as happened with Aurora giving options with their Australis AUSA spin-off? I am attempting to gauge market sentiment in order to get the quantity of Rights that I am seeking.
Sorry for this long winded diatribe.
Comment by
Foxbat143 on Nov 21, 2019 3:34pm
Thanks AL8888. I think that I will make things simple and put in my request today. Thanks for clarifying that it is for Shares and not Rights. I hope that Zenabis would consider the possibility of allowing an over subscription. It is always nice to have excess cash on hand. Thanks again
Comment by
StoneMan45 on Nov 21, 2019 4:04pm
you have to ask for these extra shares now not after the 27th ...for me TD is only taking the request to exercise zena.rt options til the 26th and same goes for requests to be put in a pool for shares not purchased thru' the exercise of zena.rt (the zena.rt that fail to exercise for what ever reason. I'm getting my final request on options and additional share tomorrow.