Kaizen Discovery Inc V.KZD

Rights offering

[vanex]

What a waste of our time. 

Who is going to exercise it at 4,5 cents when you can buy it on the open market at the same price. They would have to push the stock to 6, 7 cents to get them exercised and they only have 2 days to do it. Not a chance

[shneps]

"Exercising" of the your rights is you purchasing the right to buy a share @ $0.045. "Buying" rights at $0.005 would allow you to buy shares for a total price of $0.05. I believe you are referring to playing an arbitrage. Anybody that bought rights for $0.0005 + $0.045 = $0.05 can sell those shares at $0.055 for an abitrage profit of 10%. $0.065 sale would be a 23% profit. If