MCAN Mortgage Corp T.MKP

Has Anyone Received Their Rights Yet?

[JayBanks]

None have appeared in my Scotia Account yet... I'm currently on hold trying to get through to customer service...

They started trading yesterday and 1 block of 500 were traded late afternoon..

Does anyone how possession of them in their account and what platform are you using?

Thank you, will update after I get a response from Scotia on the status, if any...

[JayBanks]

So after spending an hour on the phone with Customer Service and then a Trading Representative I'm not really any further ahead... So on the Offering statement, they state that shareholders as of record of May 12th will receive rights. They also state that they commence trading on May 11th. Which they have and there was 500 in volume moved on May 11th. Ive been told that shareholder of

[ChamBid]

Thanks for that information JayBanks! So I guess these Rights are being treated like a trade whereas there's a 2-day settlement period? Similar to you, I do not have anything showing in my accounts (Disnat - Desjardins). Yes, I would assume you need to make a call quickly if you wish to exercise them and moreover if you wish to attempt getting your hands on the over-allotment\rights that

[JayBanks]

Yes the trade on rights has the settlement period. Beware, watch the price on the rights, I'm somewhat laughing at the people buying at the current prices as I don't understand their maths... So the last trade before this is 12 cents, you need 20 rights to exercise the shares .12x20=2.40+15.65=18.05 (+transaction fee to buy the rights) The current price for a share on the market is