RE:RE:RE:RE:For those who want to consider the rights offerStockReddy wrote: Thanks CC,
But I disagree with you, because who ever is not going to participate in the rights offer will sell (for sure) before the record date, the maximum we each 6.7 stocks (not 20 for sure) for right if the Consonance not participate.
I will sell after the record date if the sp is above 3 cents to buy the rights offer and add some more money ( I don't like to do that but I have to) to buy the maximum rights.
Reddy
Reddy thanks.
I agree that for those who have decided to NOT take part in the rights offer, they should seriously consider close their position BEFORE the Record date (because 6-7 cents may be a better price for the near term (i.e. after the record, before/after the R/S, before any positive material news), if they really don't want to trust the company with any of their investment $.
With regards to your second point, I cannot quite follow your logic (i.e. why wait if you want to raise money to buy the rights or why sell only if sp is above 3 cents after the record date news), but I trust that you know what suits your situation the best.
I agree that buying the maximum rights available to you will have the most impact on reducing your cost average, regardless your feelings about it. Good stuff.