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Carsmax177

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Carsmax177

Re: flaflyersfan post# 32430

Friday, 02/13/2015 6:27:22 PM

Friday, February 13, 2015 6:27:22 PM

Post# of 105602
True, but a subscription is a first right to new stock issued. The stock is not given, the person is given an option to buy or not buy. The takeaway is, he opted to buy.

More on stock subscriptions:

http://www.investopedia.com/terms/s/subscription_right.asp
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