I'm still sorting through the situation as was traveling, but my father in law who got that Schwab info concluded the rights are not available to non-institutional owners but we can sell the rights. It doesn't make much sense though that we own the rights but can't exercise them.
What is clear is that we can sell our rights, and they're going for about $2 a share. My father in law went ahead and did that. He claims it has to be done by Nov. 1. That's the line that is showing up in our portfolio's - the price per right that we own at the going rate. Apparently they can only be sold on the Swedish exchange.
Questions that need clarification (and forgive me if I'm repeating, this is confusing):
Why is it showing that we have 1 right per share that we own? Shouldn't it be 1 for every 5?
Can we also buy those rights on the Swedish exchange, or only sell them?
More importantly, can we or can't we exercise the rights showing up in our portfolio's, and if so how?
Hopefully between all of us we can get to the bottom of this soon.
