Stavs/Rights Issue9 Apr 2015 13:22
I am new to all this when I, too, was offered the Rights Issue, one for one, at £1.01. My brokers needed to be told, between 1st to 16th April, that I would take up the Issue. If so, the costs will be taken from my account on the 16th.
However, I can sell the rights at any time for the current price and they will take the £500+ on the 16th. So, today, I could make £200+ by selling my 500 rights issue. If one does nothing at all, then the rights offer lapses on the 16th.
Now you can see where 2reincarnated gets his £1 forecast from.