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[sharechat] Re: SUB rights


From: "Philip Robinson" <fire_appliance@hotmail.com>
Date: Fri, 11 May 2001 23:32:07 -0000


Michael,

The SUB rights give you the "right" but not the obligation to subscribe for 
more shares. It is non-renounceable so you unfortunately cannot sell your 
rights.

If it was renounceable you could have sold your rights which may have been 
worth something.

It might be a plan to subscribe for them though, so you don't have your 
holding diluted, but it is entirely up to you whether you buy them or not.

Hope this helps.

Phil
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