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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Cogito Ergo Sum who wrote (4803)11/11/2002 11:22:27 PM
From: bill  Read Replies (1) of 11633
 
There is a notice that acclaim is going to issue subscription receipts at 4.20. What is the advantage of
owning such receipts as opposed to just buying the stock.
If I read the notice correctly, the receipts are the
equivalent of one share of common stock. Yes? No?
However, if you buy the subscription receipts, you don't
have any voting rights--not that that really matters for
the small retail holder. Can someone explain why you would
buy these over the common stock?
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