RE:RE:RE:RE:RE:Q1 results
ChamBid wrote: I think I also misread the news release on the Rights Offering initially. I believe the Rights will show up in our accounts tomorrow morning.
One thing to remind folks is that once we subscribe for all of our eligible Rights, we can also subscribe for additional shares that other investors do not exercise. Just need to ensure in mentioning this to your broker when you call them to exercise your Rights, that you also wish to subscribe for additional shares that are non-exercised through the Rights Offering.
Good info, I did read that but glossed over it...
Does anyone know how do they decide to distribute those unexercised shares?
I know in the normal market is based on timing of when your order gets submitted and some platforms are slower than others and can be lumped in, IE: I know Scotiabank orders on regular share purchases are usually behind a few others to start the day if your order is placed after hours but is not last in line. Also most activity with Scotiabank takes a day to process, last time for this type of transaction we were advised to get our orders in 3 days prior to closing date.
Or do they distribute them evenly amongst all of us who submit requests as avalible? Or is it share ownership weighted?