RE:RE:RE:RE:RE:RE:One more time lolbeenaround2019 wrote: To CC Abbott
How will the rights offering be conducted?
Does it come in the mail?
How do I reply and send money?
thanks,
beenaround2019 I've never been through a rights offer before, so I don't know for certain.
My guess is that it would be a similar process as the dividend or proxy materials: those who are eligible (own PLI shares on the Record date) will be notified by their brokage electronically or by mail and they will then have 30 days to subscribe. Upon closing, the company will total the number of the subscribed shares and see if it's over the cap, if so, the shares will be prorated among the subscribers (not sure how this works). Then the subscribers will be notified by the company (via their brokage) again on the number of shares they can purchase in the rights offer, then they can complete the purchse via brokage.