NRZ - NeuRizer Ltd

[frugal.rock]

I've got about 9000 rights which have appeared in the portfolio.
Ticker NRZR

I've got no idea what to do about these.
Can anyone explain my rights to me and what choices I have with them?

I would be much obliged.

The only rights I'm used to are ones like;
you have the right to remain silent, you have the right to legal representation etc from plod.

 

[Country Lad]

I've got about 9000 rights which have appeared in the portfolio.
Ticker NRZR

I've got no idea what to do about these.
Can anyone explain my rights to me and what choices I have with them?

I would be much obliged.

The only rights I'm used to are ones like;
you have the right to remain silent, you have the right to legal representation etc from plod.

@frugal.rock, it's not quite similar to the rights you are used to:
You have the right to exercise the right to buy those number of shares at 2.5 cents per share
You have the right to sell your rights - last trade 0.2 cent per right
You have the right to say it is all too hard and let the rights lapse by doing nothing and they will magically disappear 17 November and you will have no rights.

 

[frugal.rock]

You have the right to say it is all too hard

If I do that, will I wake up in a cell, or under the pub pool table at 3am?

 

[Dona Ferentes]

If I do that, will I wake up in a cell, or under the pub pool table at 3am?

you also have the right to bare arms, though I recommend a SP50 sun block.

 

[Dona Ferentes]

There are several tricky things with Rights ... it introduces more stock, which is good for liquidity but can act as a cap until 'normal' price discovery can resume. Potential holders may not buy more on market because they can convert. And if in the money, they could sell and take some profit off the table. All in all, share movement may be muted.

 

[frugal.rock]

And if in the money,

Wouldn't think that's applicable here...
I think one of the directors is an absolute grub.

 

[Dona Ferentes]

 

[frugal.rock]

You have the right to sell your rights

And sell them I did.
Now I don't have any rights, again.

 

[frugal.rock]

I bought a tad more.
Was so far into the hole on what I already had, so thought I would throw some more cash into it, averaging down etc
Capital raise at 0.025 complete.
I bought at 0.024, total bargain. (compared to $0.12 previous average.)
One of those that just got away bit by bit. Poor management by me.

Looking at the chart; what the heck was I thinking buying in?
It's not easy being contrarian sometimes.
Into the bottom drawer it goes.