MBK - Metal Bank

[charlsie]

The personalised entitlement form will by sent to you by post or email. You cant download it to my knowledge. The non personalised prospectus and form is in the asx announcements.

I skimmed through the announcement and when i couldn't make head nor tails of it, that's when i decidedto ask some questions you've graciously answered

Yes that's my understanding. If a holding for MBK Rights (code: MBKR) is showing up in your portfolio holdings on your broker site you can sell these rights on market. I notice a few have sold @ .002 today but for an immediate sale you would have to meet the highest bidder offer with a 'limit' sell order @ .001.
What you would be selling is not shares, what you would be selling is your rights to acquire a number of shares through the rights offer. Whoever buys your rights intends to exercise those rights by subscribing for shares equal to your number of rights @ .008 in the offer. You would be transferring your rights on market for .001 per right.

You could join the queue by putting a sell order in "at market' or a imit order of say .002. and wait to see if someone bites over the next few weeks. But to get an immediate and certain sale you would have to meet the current offer @ .001.

Alternatively you could take up your rights, pay by Bpay, @ .008 per share when you receive the personalised entitlement offer and your rights would convert to shares in your holding.

Or you could do nothing and let your rights lapse.

Have you read the rights prospectus announcement?

as above, i had a skim through the prospectus, thank you for the extensive answers. I'll sit and wait and see what comes

 

[finicky]

@charlsie
I decided against taking up my MBKR rights but a couple of days ago I put them up for sale @0.001. I had little hope of them selling because there was no open interest in the buy queue (nor is there today) and I was way behind in the sell queue, i.e millions of shares for sale @ 0.001 ahead of me, yet they eventually sold. Time is running out to sell your MBKR rights, trading finishes Nov 24, so if you are not subscribing to them you had better put them up for sale and make a few bucks. Don't be discouraged by the zero open buying interest in the depth, there wasn't any when I put mine up for sale either, some hidden entity is chewing them up.

 

[frugal.rock]

After a consolidation around 9 months ago, something is happening here.

Chart update only.