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Friday, 08/11/2017 3:29:12 PM

Friday, August 11, 2017 3:29:12 PM

Post# of 6600
I have a question for any of you out there that are more experienced investors than I am.
From the way I understand the Right offering, you had to hold your shares through the 10th to be eligible to buy the same number of shares as you owned. Say I owned 1000 shares and the price was 1.75/ at the open of the 11th. Can I sell all 1000 share at 1.75, and still get 1000 rights on the ex-date.(for 1.00)? Also being able to buy back those original 1000 shares when the SP drops because of all the selling.(basically taking advantage of the gap downward created by selling the shares after the hold date)
Is that a possible strategy taking place now?

What is happening today is why I said on the 21 July, that I didn't think we had seen the bottom yet. After each of the previous offerings the stock dropped to, or just below the offering prices. I still believe will drop closer to the $1.00 price between now and the ex-date, whenever that is.
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