OTCPK:RKNLF - Post by User
Post by
a1broker1on May 24, 2017 12:59am
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Post# 26275749
RIGHTS OFFERING MECHANICS
RIGHTS OFFERING MECHANICSOnce all regulatory procedures and filings are completed, the rights, in accordance with the number of shares currently held, will be delivered to your brokerage account. You will receive a CORPORATE ACTION NOTICE that will indicate the exercise price (approx 0.50 USD = 0.66 CDN), and the expiration date of the rights. Generally, rights trade in the market until expiry. Shareholders must communicate to their broker if they wish to exercise the rights. My advice to all minority shareholders would be to hold and exercise in full all the rights awarded. Any rights not exercised, will then be exercised by ESW, further diluting existing shareholders. My rationale regarding exercising the rights under this offering have been indicated in my previous posts.