You plan on bidding a minimum of $50,000 for brand new shares in the NE rights offering. You will be issued new shares.
A minimum of $50,000 will get you .5% of the new shares and you can bid as much as $10,000,000. The shares will be issued pro rata to exisiting shares at a minimum.
you're NOT in fine shape if
you do not plan on bidding for a minimum of $50,000 for brand new shares.
You'll need to sell all of your existing shares before they are cancelled and stop trading.
Your existing shares will cease to exist after the NE shares are issued.
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