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Bullboard - Stock Discussion Forum Ainsworth Lumber Co Ltd ANSBF

Forest Products Lumber & Wood Production

GREY:ANSBF - Post Discussion

Ainsworth Lumber Co Ltd > Trading Today
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Post by loosecannon3 on Dec 03, 2012 11:10am

Trading Today

Why is the stock down so much today?  Does it have to do with this rights offering?


Any clarification would be much appreciated.

Comment by twm123 on Dec 03, 2012 11:42am
Yes sir, rights started trading today.  The rights create share dilution, Ei more shares outstanding, so if the market cap stays the same but you have more shares floating in the market, then the share will fall.  I wouldnt be too worried tho, first it has to happen, second lumber is in a strong position for a while, one would think. 
Comment by loosecannon3 on Dec 03, 2012 1:04pm
Thanks!
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