RE:RE:RE:RE:Should be interesting to see the total numberbk, this is not to be construed as investment advice and every investor should always consult an investment advisers advice if you are not sure, but yes, if you held 10,000 shares before the June 28, 2022 Date of Record deadline, you would entitled to receive 10,000 Rights from the corporation.
Those 10,000 Rights should appear in you trading account, and can be sold on the open market if you can find a buyer for your Rights.
For example 10,000 Rights would earn you $300, if you sold them for .03 cents on the open market. Take off your brokerage fees and the the balance will show up in your account 3 trading days from the sale date.
Should you wish to subscribe to the Rights Offering and convert those Rights in to common shares of the corporation, it will cost you 3 Rights and .35 cents for each share you decide to convert.
Your 10,000 Rights plus $1166.66 will get you 3,333 common shares of Krn and allow you the option of subscribing pro-rata to any additional Rights left over that were not exersized by other Krn shareholders.
If you do nothing at all as most did during the last Right Offering, these Rights will expire early on July 29, and that's it, that's all.......where trading / exersizing Rights are concerned.
Then we wait for an announcement in mid August from the corpoation to see how much money was raised through the offering, and business as usual with a little more jingle in the corporate treasury.