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Navidea Biopharmaceuticals, Inc.

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Msg  37756 of 38284  at  8/12/2022 2:58:24 PM  by

deut8:18


 In response to msg 37754 by  dfruitman
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Re: for Ameritrade clients

 I don't think purchasing the rights is much of a gamble because if they don't complete it your money is refunded. 
   

If the rights offering is not completed, will my subscription payment be refunded to me?

Yes. The subscription agent will hold all funds it receives in escrow until completion of the rights offering. If the rights offering is not completed, the subscription agent will return promptly, without interest, all subscription payments. If you own shares or Underwriter Warrants in “street name,” it may take longer for you to receive your subscription payment because the subscription agent will return payments through the record holder of your shares or Underwriter Warrants. We reserve the right to terminate the offering at any time if, due to market conditions or otherwise, our board of directors deems it advisable not to proceed with the rights offering.

The problem will be if they don't raise enough money. 


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