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Ainsworth Lumber Co Ltd ANSBF



GREY:ANSBF - Post by User

Comment by mohasaon Nov 28, 2012 3:40pm
154 Views
Post# 20656643

RE: bmo answer to my ? on due bills

RE: bmo answer to my ? on due bills

so i guess if one sells ans shares after nov 22, your rights belong to the buyer of your shares?

Minor correction - Nov 20 is the date that the shares traded with due bills.  This is the date that the shares would otherwise trade ex-rights but due bills trading arrested the ex-rights trading.

From the Nov 13 press release:

Due bill trading will commence on November 20, 2012, being the ex-rights date for the Rights Offering, and continue until the rights begin trading, which will occur at the opening of trading on the TSX on the first trading day (the "Commencement Date") following the date the Company completes the mailing of the final short form prospectus for the Rights Offering to eligible shareholders.

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I sold on Nov 23 knowing full well that my rights went with the shares!

 

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