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Bullboard - Stock Discussion Forum MGM Energy Corp MGMCF

Energy Oil & Gas E&P

GREY:MGMCF - Post Discussion

MGM Energy Corp > Rights & Stock price
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Post by bouligny on Nov 12, 2012 1:01am

Rights & Stock price

It is now apparent that as a USA resident investor I will not receive any Rights.

So the stock is being diluted and i have no opportunity to buy additonal shares at the lower price.

I am wondering if it would behove me to sell now, before the stock price drops to the $0.16 price being offered to the rights holders.

Any thoughts or advice?

__________________

Comment by OilEng on Nov 12, 2012 10:09am
Don't think the price the stock will fall to is the rights issue price of $0.16.  If it does, it will not stay there long and you should be buying.  Rather the break-even price for those that buy rights will be $0.185.  Here is the logic: Shareholders who don't exercise their rights will sell them.  The market value for each right is 0.5 cents each.  It takes 4 ...more  
Comment by shambano1 on Nov 12, 2012 12:48pm
I would love to know why you think this well will fidn the target but you can just email me at shambano@gmail.com
MGM Energy Corp
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