Scimitar Hydrocarbons, SIY:ASE Message Board

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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE

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To: justaninvestor who wrote (597)	10/28/1999 2:50:00 PM
From: Yarek Szolomicki	Read Replies (1) of 864

if you do decide to buy the shares through exercising your rights, the broker will put shares in your account and take away your rights on a 1:4 basis. These shares that the broker will deposit in your account will not come from the market but from the company, ie new issue, ie dilution. I like to call rights issues "forced financing".

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