CNBC guy said people are worried about March quarter. What's new. Always going to be worried about next quarters no matter what earnings show.
I have a Schwab account and it shows my existing Rights. I clicked the button to trade next to those and did a buy (basically it was the same as any other trade), put in a limit and it was filled immediately. I kinda wondered if I'd get some kind of warning that I was buying a penny stock (price-wise) LOL. They filled at 0.1337 .
After I posted, I went ahead and bought some to complement the original ones issued to me, since they are transferable.
Just curious if anyone has tried purchasing the Rights....I assume once owned can be exercised. So 14 cents x 3 for a 5% lower price share. One poster said no comm on the exercise. Comm on the purchase of the Rights though, but still sounds interesting unless I'm missing something.
I went back and was able to derive the 24.41 from 2012 data. So, doing the same for current dates gives subscription price of: 0.95 x (27.0+28.49+28.60+28.45+29.25)/5 = 26.94 .