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Ainsworth Lumber Co Ltd ANSBF



GREY:ANSBF - Post by User

Comment by mohasaon Nov 28, 2012 1:10pm
110 Views
Post# 20655698

RE: RE: RE: RE: : RE: rights news Dave

RE: RE: RE: RE: : RE: rights news Dave

it is probably better to sell shares now and buy them back starting next week.

I sold because of my analysis. My average price was $2.30. If I exercise, my average cost post rights exercise would have been $1.68.  But I had gains that would have been lost!  I asked myself, at what price can I acquire shares ex-rights before selling was not such a bright idea.  For me that was $2.10. I decided to take the risk that ans would not trade that high and any acquisition below $2.10 would still be acceptable but the gains I tried to retain would be gone at that price.  I don;t think it jumps 60 or 70 cents ex-rights.  Of course, there is no certainty!

I sold to lock in my gaiins and take the risk that I can acquire diluted shares at a price below $2.10.

Note:  The numbers I quote are now individualized and depend on each shareholder cost structure.
 

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