Quickflix Rights Issue

[geffbra1]

Hi Guys,

Im new to the stock market but understand the concept of 'Rights Issue'; However im unaware of how to buy my rights issue? Should I receive any mail? or do I just go through a broker (I use directshares-Stgeorge)

Any help would be great as Im freaaakkking out!

Thank You

 

[skc]

Hi Guys,

Im new to the stock market but understand the concept of 'Rights Issue'; However im unaware of how to buy my rights issue? Should I receive any mail? or do I just go through a broker (I use directshares-Stgeorge)

Any help would be great as Im freaaakkking out!

Thank You

Relax. You don't buy the rights issue - if you are a holder of QFX when the rights issue goes "Ex" then you will be entitled to them automatically. You will receive a letter from QFX over the next few days, telling you the details of the offer, when and how to pay etc.

Remember you have the right but not the obligation to take up the rights. So Do Nothing may be a completely sensible course to take.

 

[tmcatholic]

Relax. You don't buy the rights issue - if you are a holder of QFX when the rights issue goes "Ex" then you will be entitled to them automatically. You will receive a letter from QFX over the next few days, telling you the details of the offer, when and how to pay etc.

Remember you have the right but not the obligation to take up the rights. So Do Nothing may be a completely sensible course to take.

Ya guy,

If it is a renouncable right, he can buy further more.
If it is a non, you only have 2 choice : take up or default.

But thr holder of the rights better find out the REAL PURPOSE of this right issue to consider the following