Rights settlement dateWould the rights settlement date be 3 days like a normal stock transaction?
If it is, then the URSA money should be in the Pat treasury and working for us shareholders and insiders that did not take part in the rights offering.
Is that a material matter and needs to be reported and dealt with ASAP if the money does not show up in 3 days?
So far, URSA taking the rights has been a good deal for us when we didn't take any rights at all and we don't want to lose this one. I'm not so sure that it was a good deal for URSA shareholders?
Donald Ross taking equity for debt was a good deal for us as well.
There....two positive points of view....