would this change in SP potentially effect the rights offer price?? I might hope so otherwise shareholders would be paying a potential premium.
Also after some more digging and research into what these rights mean, I think that while the current state of the company is certainly not good, the rights offer does seem like a good option and regarding them being currently non-renounceable that does not mean they will stay that way and there would be a way in the future for holders to gain a positive return on them. Plus given the choice to consolidate it feels like the lesser of two evils choice for shareholders to hopefully gain some profit or ate least break even. I bought in at around 1c so selling at even .03c is such a big loss so I'm forced into a hold and just hope Wabli delivers good Nb results.
This may not be entirely accurate as I am still pretty fresh into the investing world so any positive input would be greatly appreciated. Hopefully we can recover from this position
RR1 Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
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