ata.rt analsystrading at 65c..
3.35 rights gives you right to buy stock at 6.23
3.35 x .65 equals 2.18
2.18 + 6.23 = 8.41
stock is trading at 8.32 so it sounds about right
what you lost in stock price today you gained in value of right, but the right can only have value if you buy more stock..so its kind of a double edged sword.
am i correct??