Hi guys,
I have a question regarding rights issue.
If a company issues rights to buy stock at say $4.00 and the stock price on the market is $12. Does that mean I can buy a thousand shares at $4.00 and then sell them instantly on the open markets for $12?
Thank you
I have a question regarding rights issue.
If a company issues rights to buy stock at say $4.00 and the stock price on the market is $12. Does that mean I can buy a thousand shares at $4.00 and then sell them instantly on the open markets for $12?
Thank you