MGTREs are the "renouncable entitlement". That means you have an entitlement to participate as a shareholder, and from 21 April you can "renounce" that right and sell it to someone else. They will cease trading on 6 May, and disappear entirely on 13 May. Anyone who exercises their entitlement will get MGT shares, and 1 new option for each 2 MGT shares, on 20 May. The options will then be tradeable for a year.
@MrStrengths - (edit: reply broke down) Personalised letters with take up details specific to your entitlement will be sent out tomorrow, 27 April. It isn't clear from my memory of what I read if it will be post, email or both.
Speaking generally now and not directed at you directly, I will say again, it is pretty poor the entitlement has been tradeable since 21 April, and hit a high of 2 cents at today, and yet many people who have that entitlement still havent been credited with it at COB on 26 April.
The market should be equitable... not a great look to not have the entitlements available in every account entitled to them more than 3 trading days later.
If part of a CR is making the right to it tradeable on a set date, every single right should be available to trade before open on that date.
Just to be clear though, I'm not blaming or directing this at the company.
