Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Breakwater Resources (T.BWR) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (893)	4/3/2002 10:00:49 PM
From: Harry K	Read Replies (2) \| Respond to of 962

The shares closed at 29 cents, down 8 cents from yesterday's close, on 993,000 shares. The Rights (BWR.RT) closed at 9-1/2 cents on 512,400 trades. Existing shareholders are seeing their BWR cache drop, while waiting to receive their FREE Rights (1 for 1) at the close of trading this Friday. At that point, their BWR holdings will be worth the closing value of the sum of their Share + Rights prices! By the time that day is reached, existing shareholders as of now will endure two more full days of trading - at the present time, the sum of BWR + BWR.RT is $0.29 + $0.095 = $0.385. What is the best position to take tomorrow morning for existing or wannabe investors? What will be their combined value at Friday's close?? Anyone want to stick their necks out here?? Then there will be Monday's volatility - when shareholders holding the rights will, for the first time, be entitled/free to hold, sell , or hold on while deciding to exercise them (until May 1st). Have I got all this right??