Gameplan for SPG.RT SharesHello everyone! I have been following the messages on here for additional info on Spark Power but have neve posted before!
As far as I know, the SPG.RT shares MUST either be used to buy additional shares or you have to sell them before January 26th before they become worthless and just disappear..
I use wealthsimple, (which has its pros and cons) and the major con here is that I cannot redeem the rights offering for shares at 1.20$ and can only sell my rights.
Whats the best gameplan to do for this situation? Technically the SPG.RT shares are simply another way to get your hands on actual SPG shares but sort of acct like options in which if the stock price goes up, the rights exponentially gain value. I truly believe this company is still worth 2.10-2.40 today (even after the dilution due this round of share offering, so should I be looking to sell my .RT shares around 0.1 if the stock price rises above 1.30$ or is the best course of action to wait until the very last moment (aka January 25th or 26th) to sell my .RT shares as once this mess is over, we liekly won't be seeing the 1.20$ stock price again.
Thanks!! Frank