MBK 0.00% 2.3¢ metal bank limited

I may be wrong but here goes ...The offer is renounceable, which...

  1. 457 Posts.
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    I may be wrong but here goes ...
    The offer is renounceable, which means your entitlement can be transferred or traded (sold) to someone else. There is a period for taking ownership of the rights which expires on Dec 1.
    For taking new shares I think prospective owners must submit their entitlement request along with payment prior to Dec 1.
    For taking the free options I think prospective owners need not do anything so long as the hold the option rights.
    As noted above current share holders should have received MBKR options rights into their holdings already.
    New shares (MBK) and options (guessing MBKO) are issued Dec 8 according to the current rights holders. Alloted holders of MKBO have until 7 Dec 2023 to exercise that option with a strike cost of $0.016 (twice the current share price of $0.008) in order to covert the option MBKO to a full head MBK.

    Judging by the lack of interest in this thread and small number of responses I am of the opinion there is not much interest here.



 
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