RE:RE:RE:RE:Schwab won't do Rights Offering in the USA. Not goodiscfa, obviously you live in canada otherwise you would have seen the notice sent to you.
I think you read english, cuz I said in my last post, "The notice isn't the problem" Its not a mechanism
of any sort to make R/O work better. I think your using the notice as an excuse to not understand why I can't do R/O. Bellow is what the notice you're asking for says. You don't like it, email RGX's Don Weatherbee.
The Rights will be offered to Shareholders resident in each province and territory of Canada (the “Eligible Jurisdictions”) and Shareholders who have satisfied the requirements of the Corporation for those resident outside of the Eligible Jurisdictions. Accordingly, and subject to the detailed provisions of the right offering circular dated March 26, 2024 (the “Circular”), Rights direct registration system advice (“Rights DRS Advices”)
will not be mailed to Shareholders resident outside of the Eligible Jurisdictions, unless such Shareholders are able to establish to the satisfaction of the Corporation, on or before May 10, 2024, that they are eligible to participate in the Rights Offering. Shareholders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, that were not subscribed for by other holders of Rights prior to the Expiry Time.
Bellow is what Greg gave me to give to Schwab. They acted like you are with the notice thing when I gave them Greg's info bellow. They looked at a part of it, then just right back to the way they were thinking on how the R/O worked. He just asked, "How do you get resticted shares to common shares??
I asked, did you email canada's Computershare? My CEO gave you their email so they can tell you how that's done. Schwab acted like we know everything. If we don't know then we're not talking to any other person.
Bellow is Greg's info for Schwab to help me. But they didn't read it. (The notice is not the problem.)
Greg Pendura
Apr 11, 2024, 9:26AM
to me, Don
Tom, I believe this is your email address, can you send back a reply that you have received this.
Don Weatherbee is coordinating all international right offering inquiries. The email below is from Computershare which should answer your questions. If there is any clarification needed contact Don for assistance
Greg
GREG PENDURA
CEO
Tel: (780) 800-0726
From: John Conway <John.Conway@computershare.com>
Sent: Wednesday, April 10, 2024 1:41:30 PM
To: Don Weatherbee <donw@regenx.tech>
Cc: Jacky Patterson <Jacky.Patterson@computershare.com>; Pauline Osayande <Pauline.Osayande@computershare.com>
Subject: RE: Regenx___ RGX Rights offering
Hi Don
Thanks again for the call. As discussed, the process for non-resident holders depends on where their brokers hold their shares.
If in CDS, all of the rights credited to CDS and the participants are “eligible,” by virtue of the fact that CDS is Canadian-addressed. A non-resident holder may instruct their broker to withdraw their rights into DRS. That process is all electronic; a DRS advice would generate and deliver to the holder by mail. Upon receipt, they can exercise their rights through Computershare (Jacky or I can assist if we know to expect such a withdrawal).
If in DTC, all of the rights credited to Cede & Co are “ineligible.” Holders will need to instruct their brokers that they are claiming their rights, with the Company’s approval, and to withdraw the rights out of DTC into DTC. There is a process within DTC for this:
The broker must request its DTC participant to withdraw the rights. It is up to the broker and the participant to coordinate this; they will have their own process and method of communication. The broker might use the term “custodian” or “clearing agent” or similar, instead of “participant.”
The participant must request DTC to withdraw the rights into DRS. DTC requires that the participant make certain representations as to the eligibility of the beneficial holder. The participant may handle this directly or ask the broker to provide some documents, but this step is ultimately between the participant and DTC.
DTC will request to Computershare, based on the participant’s instructions, to withdraw ineligible rights out of Cede & Co. and credit eligible rights to the holder. The instructions might be for the broker or beneficial holder name. DTC will provide Computershare with a copy of the participant’s representations.
If in DTC, all of the rights credited to Cede & Co are “ineligible.” Holders will need to instruct their brokers that they are claiming their rights, with the Company’s approval, and to withdraw the rights out of DTC into DTC. There is a process within DTC for this:
The broker must request its DTC participant to withdraw the rights. It is up to the broker and the participant to coordinate this; they will have their own process and method of communication. The broker might use the term “custodian” or “clearing agent” or similar, instead of “participant.”
The participant must request DTC to withdraw the rights into DRS. DTC requires that the participant make certain representations as to the eligibility of the beneficial holder. The participant may handle this directly or ask the broker to provide some documents, but this step is ultimately between the participant and DTC.
DTC will request to Computershare, based on the participant’s instructions, to withdraw ineligible rights out of Cede & Co. and credit eligible rights to the holder. The instructions might be for the broker or beneficial holder name. DTC will provide Computershare with a copy of the participant’s representations.
M 604-290-6786
510 Burrard St., 3rd Floor
Vancouver, BC V6C 3B9
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iscfa, This is all info I can think of to give you. If its not what you want to comment then I can help you. I don't really need your comments. If you really read this info here, then you'll know non of your comments can help Schwab do their job or for them to contact canada's computershare or RGX's Don weatherbee, as Greg wanted them to do.