GREY:CEQXF - Post by User
Comment by
EstevanOutsideron Sep 07, 2018 10:14pm
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Post# 28583446
RE:RE:all said- 13MM rights traded today- only 6.8 on TSX
RE:RE:all said- 13MM rights traded today- only 6.8 on TSXI have access to buying the rights on IB but the deadline with Cequence was Sept 6. I am really not sure how it works, but technically, I also have access on my platform to purchase the rights.
So these guys buy at 0.005 for the .rt but still have to pay 0.035 to electively exercise the right which then it becomes a common share?
I'm not sure how this works, but the subscription and renunication agreement deadline set by cequence appeared to be september 6, 2018. Submitting after the deadline could result in an "invalid election."
Anyways, confusing for a newbie rights buyer but a good learning experience.
Even if we have profit taking, my target for this stock is in the $0.30s - $-0.50s, so let those with lower standards then us have their cake and other buyers will step in.