Quote:
Originally Posted by SeanyJ
Could anyone help explain what this means for a stock that I just recently bought.
So I own 450 shares of the company does that mean I will be able to buy more shares for $15 even if the price is above that? It seems very confusing to me. Sorry if it's an obvious question I'm not very experienced in investing.
Why did you buy this company? Imo, you should not have bought this company if you did not understand this transaction, which was disclosed in many places before this announcement.
Anyways, yes you're interpretation is correct, but do not exercise your rights if the price is above the rights price (should be obvious as to why you shouldn't).