RE: Consolidation and Rights Issue Summary and SteSo in that example you end up with 20,000 shares and if you're lucky they will be worth 20 cents each (although you may not have them in your account yet)and you then have the right to purchase 20,000 x 1.8176 = 36,352 more shares at 9 cents each ($3271.68). You then end up with 56,352 shares. By the time this all settles who knows what the share price might be.
If you paid 20 cents each for 100,000 shares originally = $20,000 + $3271.68 = $23,271.68 + fees?
ACB is 23271.68 / 56352 =
.413 cents each and shares may trade at 20 cents or more likely will immediately start falling back towards a nickel.
Does any of this look right? i.e. new shares will be worth about half what you paid and will have to double to at least 40 cents to get back to even or am I out to lunch --- if you paid 20 cents originally.