Replies to post #546 on Pacific Capital Bancorp (PCBC)

[Enterprising Investor]

PCBC was ex-rights on 8/26/10.

Your account should show 38,337 rights (2,500 times 15.335) credited to your account. It appears that you did not subscribe in time.

The drop was the "value" of the rights just like when stocks decline on ex-dividend dates. Actually, selling at $1.03 was a good thing since the stock would have declined further.

[56Chevy]

I hope you get it all sorted out Big_R. I personally don't think IB was the problem but it sounds like the timing on your buy and subsequent sell fell right on crucial dates & times which may have contributed to the confusion ?? hard to say for sure.

I'm curious if you were following the PCBC board prior to your buy?