CLIQmanagementto get the EGM pass, those real beneficiary need to push up the price for all shareholders to happy and agree
jack2true, just common sense if reject QA can get refund of 47cts
the share price must be above 47cts for shareholders to support the QA during EGM or else just sell the share at market price. They need 75% shareholders support
if share price remain 45cts, many shareholders may just reject the QA and get 47cts refund
I think Hadi is not an idiot, shud understand the basic market common sense
callme777Riaz read la.... Don't just comment. Read the news. They saying overpaid rm120mil
riazCallme 777: in which report that said they are 120 million overpaid?
jack2its not over paid, it is over priced !!, they haven't paid a single cent yet.
now, still negotiating to lower the purchase price - buyer is desperate to buy due to time constraint while seller is desperate to sell for cashflow purpose - both side pandai pandai to compromised on the pricing lor
In any sales and purchase of business, surely there is a premium over the net asset value of the company, in this case oil field, not much info was given on the over priced value and methodology to calculate over valuation. this is the issue when oil price is low, but when oil price appreciate, I bet the sellers will said the same thing - under priced. LOL
cricketlastJust remember that once the qa is approved, warrants can also start to be converted. Potential dilution effect to those shareholders who do not hold any warrants.
Warrant holders would want the QA to be approved. Without QA, their warrants would be worthless..
You can refer to Cliq warrant. Now RM0.005.
coolinvestorWarrants are normally issued to existing shareholders as a bonus free money or to rights holders as an incentive. Plus it's normally an additional way to trade on the company.
Becoz it's normally way cheaper than the mothershare, it's normally speculated heavily by traders. Bear in mind becoz it's cheap like penny stocks the potential to gain more in profits are greater compared to buying the mothershare.
Unless it's expiring on the same year u will see heavy betting just becoz it's cheap. Hence normally ppl will trade it becoz it's cheap to make a good profit and not to buy to convert to mothershare. This is because u will need to fork out cash to convert, here 35c per warrant.
The only reason why u will want to convert is becoz u wanna increase your shareholding in the company n to take control?
Not many ppl understands this. Any other uses for warrants?