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Online Share Trading

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share rights offer - help needed

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babz
Contributor
hi guys. this shares will cease operating on the 8th of this month. if i had received 100 shares for free and i bought another 100 shares, what happens if i cannot sell them by the 8th of this month?
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3 REPLIES 3
DaMerlin
Contributor
You can elect to take up the same number of shares in ELI at a price of 110cps. Other option is they will expire if you do not sell or take them up in which case they will be worth nothing
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Not applicable
If you have been buying NPL's - I get the feeling that you don't really understand how they work. You either have exercise your option to purchase more ELI's (the underlying share) based on the offer price you get with the NPL - or sell the NPL's - or do nothing, in which case after the 8th, the NPL's will simply cease to exist - and will be worthless.
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babz
Contributor
Thanks for the info. A lesson well learnt and paid for my tuition fees dearly.
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