Shorting stocks: Mechanical aspects Message Board

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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: Q. who wrote (65)	7/31/1998 1:20:00 PM
From: Ken Brown	Read Replies (2) of 172

Can anyone tell me what this means to be as a short holder? "SIEB shareholders will receive the right to purchase one share of Siebert Financial Corp. common stock at $7.50 for each share that they own as of the record date (7/29/98). The rights will become tradable on August 3, 1998 on the Nasdaq Small Cap market and will expire on August 31, 1998." How does this effect me (besides the obvious dilution of the stock at a lower price, which is good)? Am I responsible in some fashion for the extra shares? Thanks, Ken

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