Q: Hi Peter and Team,
I recently purchased some shares in Twin Butte Energy (TBE) at $2.10/share. It was halted this afternoon and then announced that they are purchasing a small private company and issuing subscription receipts at $1.95. I assume the shares will fall to that level or lower in the coming days - is this the likely result with a subscription receipt offering? Would you suggest i average down or take the loss? I noticed it goes ex div at month end and was thinking that the 9% dividend would be nice!
Many thanks for your input.
I recently purchased some shares in Twin Butte Energy (TBE) at $2.10/share. It was halted this afternoon and then announced that they are purchasing a small private company and issuing subscription receipts at $1.95. I assume the shares will fall to that level or lower in the coming days - is this the likely result with a subscription receipt offering? Would you suggest i average down or take the loss? I noticed it goes ex div at month end and was thinking that the 9% dividend would be nice!
Many thanks for your input.