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Online Share Trading

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WEA and WEAN

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Occasional Contributor
Hi guys, Does anyone know how this works? What is the story with WEAN at 2c and what exactly is Open Election on the product into the WEA share? Any info would be great. Thanks
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1 REPLY 1
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Frequent Contributor
WEA needs to raise more Capital. WEAN are paid letters. A method of allocating rights (in this case 42 nil paid letters per 100 owned) are issued to each shareholder to acquire new shares (at 40 cents each) to be issued by WEA. These rights may be either Sold, bought or just left.
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