Well my understanding was, (example) you can take up your rights and pay say $1,000 for 1 Mil shares plus attached options... Or you can sell your right for $1,000 ($1,000 profit straight away).
So you can buy the shares and potentially sell them for what you bought them at 0.001 and keep the options... Or you can sell the rights and make money...
All the above is in my honest opinion, not at all advice. This was just my understanding. For me it was tempting to take up the rights, but dilution worries me so I realised a profit by selling my rights.
Happy to be corrected.
DYOR.
Well my understanding was, (example) you can take up your rights...
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15.5¢ |
Change
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Mkt cap ! $233.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $292.4K | 1.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1746322 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 506441 | 11 |
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