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Old 02-22-2009, 02:56 PM   #1
Thinks s/he gets paid by the post
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Maybe someone can explain if depositors here should be concerned based on this article regarding HSBC: HSBC considers $20bn cash call from investors - Business News, Business - The Independent

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Old 02-22-2009, 04:30 PM   #2
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Only worry if no one wants it.

What Does Rights Offering (Issue) Mean?

Issuing rights to a company's existing shareholders to buy a proportional number of additional securities at a given price (usually at a discount) within a fixed period.

Investopedia explains Rights Offering (Issue)
Rights are often transferable, allowing the holder to sell them on the open market.
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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