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Re: None

Friday, 07/28/2017 12:42:41 PM

Friday, July 28, 2017 12:42:41 PM

Post# of 6602
From the press release...Note the word basic...I am interpreting this to mean that if you own 1000 shares, you are entitled to 1000 basic subscription rights, plus 1000 over-subscription rights (based on the basic subscription rights), BUT how many of those over-subscription rights you actually will be able to exercise depends on how many people choose not to exercise their original basic rights and how many over-subscription rights requests there are.

"Each holder of subscription rights will have a basic subscription right to purchase its pro rata portion of the shares of common stock offered in the proposed rights offering. The proposed rights offering will also include an over-subscription right, which will entitle a rights holder who exercises all of its basic subscription right in full the opportunity to purchase additional shares of common stock up to the amount of its basic subscription right, subject to the availability and pro rata allocation of shares among rights holders exercising their over-subscription right."
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