AGES-PA has reached the bottom of 0.005 on 18 March 2022 with seller Q only and no buyer Q; get my interest to write this article. I have some snapshots during the sell down that might be enlightening. Below is my conversation with one Forumer1 justifying the risk (gambling) of this ICPS.

"@Forumer1:

FOR NEWBIES

If shares consolidation is approved and implemented,

1. AGES-PA will also be consolidated by 15 times

2. AGES-PA, current conversion price of 0.13 will be adjusted to 1.95

Refer details in circular

https://www.klsescreener.com/v2/announcements/view/3513055

==============

TAYOR

BLee: Hi bro Forumer1, above statement, IMHO half-truth. As consolidation will NOT change the value of AGES-PA, each subscribed value of 0.01 x 15 will be 0.15. Why are there many buyers at 0.005? (I managed to get some)

Answer: 0.005 x 15 = 0.075 for the value of 0.15 after consolidation, and sporadically getting buyers at 0.01 i.e. 100% gain.

The other reason is the potential adjusted price and ratio due to RI of 2 for 1 after the consolidation..

RI price still NOT fixed: Page 7 item 3.4 of circular.

"The issue price of Rights Shares shall be determined, fixed and announced by our Board at a later date (before the announcement of the Entitlement Date), after taking into consideration, amongst others.."

Appendix 1, page 36 of circular:

"Consequential to the Proposed Rights Issue, the conversion price of the ICPS may be adjusted in accordance with the terms of the ICPS as stated in the Constitution of our Company to ensure that the status of the ICPS holders is not prejudiced as a result of the Proposed Rights Issue."

This is for info sharing only; NOT a Buy, Sell or Hold recommendation.

Happy trading and TradeAtYourOwnRisk

15 minutes ago"

Snapshot No: 1, AGES-PA traded at bottom price of 0.005 as at 18 March 2022

- My purchase at 0.005 and queue sell at 0.01

Snapshot No: 2, AGES-PA Buyers come back to snap up ALL the queue sell of 0.005

Snapshot No: 3, AGES-PA Profile of Securities

Snapshot No: 4, AGES-PA 2 method of conversion

Snapshot No: 5, AGES-PA Consolidation and RI details

Snapshot No: 6, AGES-PA Presume market price after consolidation

Snapshot No: 7, AGES-PA Fund raising Scenario

- RM10 million fixed sum, percentage of shares will depend on subscription rate...

Snapshot No: 8, AGES-PA Subscription undertaking

Snapshot No: 9, AGES-PA adjustment calculation

- If D is half of C, conversion will be at 50%

- As shown in this formula, if C is close to D, the conversion price will not change much..

I am neutral on AGES, no price prediction..

Happy Trading and TradeAtYourOwnRisk