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Informatics Rights Shares
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iamsimone
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22-Apr-2007 23:22
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Hi, buying of rights is 2.5cents is the way to go .. since current price is 7.5cents. Moreover, you can apply for excess shares ... good chance that they may give you some. >> the key here is to buy enough rights to cover the brokerage fees. regards, |
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jensonlaw
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22-Apr-2007 11:36
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Fellow investors are drawn to the following important dates wrt the above: 1. Last date & time for renunciation and payment: 7 May 07, 4.45pm 2. Last date & time for excess application & payment: 7 May 07, 4.45pm 3. Last date & time for splitting: 20 Apr 07, 4.45pm Note that buying the rights entitles one to buy the mother share at 4c each, ie. if you pay 2.5c for the rights, you have to cough out 4c to convert it into the mother share, a total of 6.5c investment per share. Caveat Emptor |
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