Hello all...I don't normally post, but I thought This might be useful to some of you. I had an online chat with E-Trade about the rights offering. Here's my conversation. I changed the names for security.
Question:
I just saw the rights offering for one of my securitues (GIGL). I'm trying to figure out how it is fulfilled and how much will
it cost per share.
ET-Agent:
Thank you for contacting E*TRADE. My name is ET-Agent. I will be happy to assist you today.
ET-Agent:
Hi JB, I'll be glad to help with account questions
ET-Agent:
Please allow me a moment to pull pu the account
JB:
ok
ET-Agent:
Thanks for waiting with me. I'm still reviewing
JB:
ok
ET-Agent:
I'll need to reach out to another department. It looks like the rights have been deemed worthless, but I need clarification
JB:
ok. I can wait
ET-Agent:
Thanks. I have someone on the line, he will double check for me
ET-Agent:
Only because at least for me, there are 2 updates on March 5th. And I want to be confident on the most recent on, to be
sure that you get the right info
ET-Agent:
I appreciate you waiting with me
JB:
that's fine. we want to get it right.
ET-Agent:
Thank you. We are in the process of obtaining the terms. The final terms have not been received yet. We anticipate to
get them in the new few days
ET-Agent:
I would anticipate Friday or Monday, the corporate actions department would have additional information
JB:
so the offering is not worthless, correct?
ET-Agent:
It is not worthless. Just unconfirmed data.
ET-Agent:
The other details available are that 'unconfirmed data and is subject to change'
Participants advised to refer to the prospectus dated march 1, 2018, for complete information regarding the rights offer.
if you have questions about the rights offering, please contact the information agent, mackenzie partners inc, at (800)
322-2885 or rightsoffer@mackenziepartners.com
JB:
thank you very much.
ET-Agent:
My pleasure!
ET-Agent:
Chat live or give us a call should you have additional questions.
ET-Agent:
Have a great day!
JB:
thank you...you too. bye.
