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skepticone

07/26/17 7:27 AM

#3594 RE: DoctorJJ #3592

@ Doc...If you read the second paragraph,

"Each holder of shares of common stock as of the record date will receive, at no charge, one subscription right for each share of common stock owned on the record date, and certain holders of warrants issued by the company on the record date will receive subscription rights pursuant to the terms of the warrants.
Each holder of subscription rights will have a basic subscription right to purchase its pro rata portion of the shares of common stock offered in the proposed rights offering. The proposed rights offering will also include an over-subscription right, which will entitle a rights holder who exercises all of its basic subscription right in full the opportunity to purchase additional shares of common stock up to the amount of its basic subscription right, subject to the availability and pro rata allocation of shares among rights holders exercising their over-subscription right.

If I am reading this correctly, I believe it is possible, depending on conditions, (availability and allocation) to triple your position. Your initial one subscription right for each share you own (basic subscription right) and any available over-subscription rights, up to the number of basic rights you are entitled to.
I would appreciate correction if I am wrong. I don't want to mislead anyone.