Please read this first http://biz.yahoo.com/bw/051121/20051121005787.html?.v=1 So I held the stock with two different brokers. None sent prospectus in time. Also both were small IRA accounts fully invested so there was no way I could get additional money into the accounts to use offer. There is no margin so I cannot really sell security and excersize the rights on the same day. They wont allow me to transfer the rights To my other non IRA account and use it there. I was robbed off 5% discount off market value. When i talked to the information agent she just tried to discourage me saying that expected price will be 40.5 (Right! I have learned the math - price ended up being ~38.5) I felt like the delay and weired non-transferable offer was intentional so that only selected people get the discounts. Why were the rights non-transferable? If they only intended to raise more money while giving long time stock holder some discount. They could do the same with transferable rights and I could actually get the discount. Do you think I am right in complaining? Who should I complain to?