.094 times the number of shares you purchased in the rights offering is equal to your oversubscription shares assuming you over subcribed for that amount or more.
Judging by what I read below, I'll get far more than I hoped for, around 800 shares, but . . . nothing to report on TD.
Ya think? I mean, those guys got mailings and they saw the price erode at the issuance, surely you would assume they looked it up to see what was going on. I could see some brokers messing up their retail accounts, small holdings, not wanting to interrupt lunch to bother and do research, but 1.4 million shares, man, that's a bundle. I don't suppose we'll ever know.
I have etrade...they haven't posted everything with the correct symbols but based on what I see and the $ returned to me...I asked for 600 additional shares (oversub) and received 49. I'll take it. Maybe this will help some of you with estimating how much you'll get.
".094 times the number of shares you purchased in the rights offering is equal to your oversubscription shares"
mine are posting now, and this ratio appears to be correct.
how did you figure the ratio? or is this quoted from the transfer agent/broker through DTC system?
Actual ratio for those who oversubscribed will be higher because many shareholders probably just subscribed to their alotment.
I'm surprised so many holders were asleep and didn't subscribe. All they has to do is sell their rights.