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Re: deri21 post# 1027

Saturday, 03/20/2021 11:38:04 AM

Saturday, March 20, 2021 11:38:04 AM

Post# of 1153
1/3 of shareholders lost their rights because they didn't exercise or sell them to someone to exercise. On the last 2 trading days, some bagholders picked up rights in the market but later would have discovered they couldn't exercise them by the Monday afternoon deadline because the settlement couldn't occur until Tuesday. They were picked up free in the overallocation by other people. That was a big hit for those people who did nothing.