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03-07-2015, 10:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Met with a classmate over dinner.
He was remarking to me during the last few weeks over the stock market, while he has make some money and lose some as well, this counter Ezra is giving him the most headache (ie, losing money, make money, no headache one, I told him)
Anyway, he told me he bought 200lots at 0.405. But recently Ezra call for rights issue at 100 shares own, will be allowed to buy 190shares at 0.105.
In his case, it would be 200,000 X 190/100 = 380lots.
Cost is 39,900.
Just saw today Ezra is already trading at 0.160 and has been trending down, should he sell away all his shares and including his rights shares when it becomes available to trade, or should he take up the rights?.
Seem to be throwing away good money after bad.
So far, he is already 49k in the red with the 200lots originally owned.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?209804-Ezra-and-Recent-rights-issue&goto=newpost).
Met with a classmate over dinner.
He was remarking to me during the last few weeks over the stock market, while he has make some money and lose some as well, this counter Ezra is giving him the most headache (ie, losing money, make money, no headache one, I told him)
Anyway, he told me he bought 200lots at 0.405. But recently Ezra call for rights issue at 100 shares own, will be allowed to buy 190shares at 0.105.
In his case, it would be 200,000 X 190/100 = 380lots.
Cost is 39,900.
Just saw today Ezra is already trading at 0.160 and has been trending down, should he sell away all his shares and including his rights shares when it becomes available to trade, or should he take up the rights?.
Seem to be throwing away good money after bad.
So far, he is already 49k in the red with the 200lots originally owned.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?209804-Ezra-and-Recent-rights-issue&goto=newpost).