RE:Have I made a HUGE error?Kate1594 wrote: Please forgive my ignorance but I NEED ADVICE now! I am new to the stockmarket and working with limited funds. Today I purchased some TEK.RT for what is a lot of money for me. I did some more reading after my purchase and discovered that the TEK.RT stocks are going to be delisted on June 26. I don't know what this means. Am I going to see my investment disappear? Please give me some advice guys. I need your help! Thanks!!
You need to call your broker first thing tomorrow and instruct them to exercise TEK.RT. Then on around July 10th, when they completed the exercise, they will put into your account some new TEK shares (2.5 TEK RT for 1 new TEK share) and also same number of warranties (You can buy 1 TEK share in 5 years anytime @0.0625). At the same time, they will charge you $0.015 for each TEK.RT exercised. Hopefully that is clear.