re: what is it worth Pelsaert,As you know, only those holding...

re: what is it worth Pelsaert,

As you know, only those holding main stock on the record date will be entitled to rights issue (1 for 2).

The rights will trade much the same way as options, ie at approximately the same price as the main board less the price of the rights.
If main board trading at 1.5c, rights will be trading at approx 1c. Like options, you can pick up an occasional good deal.

After the ceasing of rights trading date, the .005c/right will have to be paid to the company for every right you hold, by the date the company specifys. There will be no brokerage to pay.
The rights will then become fp's and be added to your holding register.