TEKMODO INDUSTRIES INC RTS V.TEK.RT

RE:RE:RE:mech and king...

[WatchLearnEarn]

Just found the PR on SEDAR. So, yes, there is an "Additional Subscription Privilege" and you can buy many more than just the shares you own on the Record Date. Of course then those get cut 2.5:1 by the consolidation.

WatchLearnEarn wrote: Other rights offerings I have participated in also provided an "over-subscription" option meaning, in your example, you could buy more than 100,000 shares. I have as much as quadrupled my position during other offerings.

mecheng wrote:  As of next thursday, whoever owns shares will be entitled to the rights offering. so example if i had 100,000 shares by thursday, i will have the right to purchase 100,000 shares at 1.5c when the rights are distributed.  To get those rights, you need shares.
so...people will be scrambling to buy in to get shares before thursday. However, the market works on a 3 business day registration... meaning that you need to buy this Friday, in order to be on record for Thursday (monday being a holiday, gives Friday, Tues, and Weds as the 3 business days).

Wangotango67 wrote: How do you guys read todays press release ?
Maybe I'm misconstruing...?

Is this pp, only for existing shareholders ?

Would the owners be purchasing shares, placing their monies in company through the vehicle of shares....hence quick turn around of shares ( timeframe )  that  can be sold ?

Am I right or wrong, or is the press reading another way?

Share your thoughts...

Thanks...