As I understand it kk, nothing happens, you just can't trade the rights anymore, that is, you can't buy or sell EHRR. You then have until the close of the offer to take up a New Share (at .002) for every Right you have purchased. If you don't take up your rights they simply expire at the close of the offer.
If you are considering buying some rights, you might also think about simply buying extra New Shares above your entitlement. EHR and the Underwriter are being a bit cagey in saying that any application for additional shares may be filled at their discretion. They are saying, maybe they will give you more than your entitlement, or maybe they won't. But you are free to ask for as many extra as you'd like - there's no limit. If they don't give you the extra, you get your money back. So, pay for the certainty by buying rights at .001, or don't pay anything and risk the additional shares being refused.
EHR Price at posting:
0.3¢ Sentiment: None Disclosure: Held
