Cheque Error - Wrongly Returned

AnotherJoe

My apologies, I thought it was your choice to use a cheque.
A two week deadline and cheques seems like a recipe for disaster.

masonic

hafo wrote: »

good job thanks

Only a few more posts and you'll be able to post links... maybe. Unless people start using the spam buttton

jennyjj

Robster88 wrote: »

The company in which I have some shares is undergoing a rights issue, so I had the opportunity to buy some shares at a discounted rate, and sell the nil paid rights for the shares I was entitled to purchase but didn't

It's my understanding that after a rights issue, any un-exercised rights get sold into the market en-masse and that the proceeds of that sale get distributed to the rights owners thereof.
Thus you should still get a chunk of money in a few months time and all that has happened is that you now own a smaller percentage of the company. No Loss.