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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1513)7/15/1998 8:30:00 AM
From: David Lawrence  Respond to of 4467
 
The exercise period is typically 6-8 weeks after it becomes effective. Commensurate with the effective date of the offering, the rights will begin trading and the shares will also begin trading on a when-issued basis.



To: Wharf Rat who wrote (1513)7/15/1998 10:30:00 AM
From: John Arnopp  Read Replies (1) | Respond to of 4467
 
WharfRat:

The ex-rights date will probably be in mid- to late-August, so they can get the 35-day rights exercise period in by the end of September.

The whole process is explained pretty well on Safeguard's web site: safeguard.com and you can e-mail their investor relations dept. if you have any other questions. I've always found them very helpful.

Good luck,

--John



To: Wharf Rat who wrote (1513)7/15/1998 11:29:00 AM
From: still learning  Read Replies (1) | Respond to of 4467
 
Usually you have 30-60 days to exercise it. typically at $5 share, one right for every 5 or 10 SFE shares you own. You need 100 rights shares to qualify, but if you don't have 500 shares of SFE (or is it 50/250?) -- anyway if you don't qualify you can supplement your rights by buying extras on the open market to get up to the minimum.

They typically cost $3-5 a share during the right period, figuring the stock price will open at $8-10


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