RE:RE:RE:RE:Sunday POP QUIZThanks Jackie. I was not aware of that. I have way more rights than I can exercise anyways so it is not an issue for me. Ucore to the Moon! Jose
I did find this on "FREQUENTLY ASKED QUESTIONS ABOUT RIGHTS OFFERINGS" on the web.
Can the rights be transferred? Most rights offerings involve nontransferable rights. If a shareholder decides not to exercise its non transferable rights, the shareholder’s ownership in the issuer will be diluted by those shareholders who exercise their rights. However, an issuer may elect to structure an offering to permit rights to be transferable. In transferable rights offerings, shareholders who choose not to exercise their transferable rights can trade them in the secondary market during the offering period. The money earned from trading the rights provides compensation to shareholders who do not wish to participate in the rights offering by enabling the shareholders to offset dilution by earning a profit trading the rights. How are transferable rights traded? Trading of the transferable rights takes place on the exchange where the issuer’s common stock is listed, or over the counter if the issuer’s stock is not listed on an exchange.