Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Over subscribe question

[CapitalJ]

What do you mean? I just mortgaged my house, sold 1 of my 2 trucks that I need in order to make a decent living, and I'm starting to collect grocery store coupons JUST SO I CAN BUY MORE PEREGRINE!

LOL Thanks for the advice Mill, but in all seriousness the money i have in Peregrine right now isn't that much. You are right though, I am somewhat new to investing and i am definetly a greenhorn when it comes to investing in Diamonds or the broader mining sector for that matter. Hence the questions.

In regards to my last question, I think that RBC is internally managing the rights owned by RBC clients. I just recieved mail from RBC in regards to the rights and this is what it says: "Option 3 (Default): Net proceeds from the sale of Rights, if any On the last trading day, Reorg Department will attempt to sell in the market any remaining UNRESTRICTED POSITIONS on a best efforts basis. The effective net price allocated will be the result of the net proceeds from any sales that can be effected in this regard."

Also, my friend was clear when he said that the lady he spoke to on the phone from RBC was going to charge him .10/share plus 4 rights at .005/right in order to 'OVERSUBSCRIBE'.