Wednesday, January 09, 2019 8:50:52 AM
For those of you that don't know about rights, they are given to each share that is already issue and outstanding. They allow you to buy an additional share or fraction at a set discounted price with a short expiry date, usually within 60 days. They are tradable, so if you don't want to put more money in, you can always sell them on the open market for a couple of pennies to someone who does.
Rights offerings are a fair way to respect "ALL" shareholders equally, including retail for a change in this case.
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