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Re: Billyp54 post# 3553

Wednesday, 07/19/2017 9:48:53 AM

Wednesday, July 19, 2017 9:48:53 AM

Post# of 6602
May be a hit in the short term, but if the company does continue to grow, this is a great thing for existing shareholders.

Companies use subscription rights to get existing shareholders an ability to buy additional shares at a much discounted price (rather than going to the open market). Used a lot when a company is not well known and has a lot of new shareholders to raise money from.

If the company is successful you will basically double your position and get those additional shares at a $1.

Long term this could be a GREAT thing
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