InstructionsFrom the UCU page on Stockwatch, I see the news item instructing interested parties to see the rights trading symbol ucu.rt. It currently has a bid at 7 cents CAD and an ask of 8 cents CAD, last price of 8.5 cents CAD. I understand that purchase of this right allows the holder to purchase a share at 10 cents until Oct 23rd. If one decides not to participate, they can trade the right purchased for cash until the 21st, assumably at the rate available at the time of the trade. Am I missing anything.
To me me it makes sense that we are trading at 17 cents CAD because the right purchase price plus 10 cents is just about that.
please feel free to correct.