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Q: As an owner of JE.DB.D I have rights that allow me to buy JE shares at $3.41 per share. Currently JE is trading at $0.46 per share but it is doing a consolidation of 33 to 1 so the new price for JE shares should be about $0.46 x 33 = $15.18 per share. Based on this information I should exercise my rights and buy the shares. Please comment if you agree. I realize with this dilution it will drive the price down but buying the new share at $3.41 per share still seems to be the right thing to do.
Read Answer Asked by Robert on August 10, 2020
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