RE:RE:RE:RE:RE:RE:For those who want to consider the rights offerStockReddy wrote: CC, To buy maximum rights (wait untill record date) and sell if it is more than 2 cents (and my number 3 cents) if you sell 70% as you mentioned before you can not avarage down much, I want my whole money back, there could be a way. Need patience and right decisions.
Reddy
I see. My calculation is for those who do
not want to put in any
new money (or new money is
not enough to cover x20 of the original position), then between selling
60% to 70% now at 6 cents seem to give them the optimal benefit to lower their average.
Someone told me that they plan to sell enough shares now to cover x6.7 rights shares and subscribe to buy x20 with their remaining shares, if confirmed, then pay the difference with new money, which I thought is also a good plan, if one cannot afford the x20 of the original position totally with the new money.
Can you show how your system work, using my 1000 shares @ $1 ave cost example, so that I can understand how your way can bring down the new average cost
lower? Thanks.