Watch out INIX..ex date for the rights issue is TODAY ,  22 oct 2015.

Inix may follow Bornoil which ex on 13 Oct 2015. Bornoil made an impressive gain of up to 33% over its ex-date adjusted reference price of 0.15 closing on the day at 0.195.

Comparing Corporate Exercise of BORNOIL & INIX

BORNOIL                                                                    

Rights Issue

EX-date: 13 Oct 2015

Entitlement date: 16 Oct 2015

Entitlement description: Renounceable rights issue of up to 2,373,841,596 new ordinary shares of RM0.10 each in Borneo Oil Berhad ("Bornoil") ("Bornoil Share(s)") ("Rights Share(s)") on the basis of six (6) Rights Shares for every one (1) existing Bornoil Share held, together with up to 1,186,920,798 free detachable warrants in Bornoil ("Warrant(s) C") on the basis of one (1) free Warrant C for every two (2) Rights Shares subscribed for, as at 5.00 p.m. on Friday, 16 October 2015 at an issue price of RM0.10 per Rights Share ("Rights Issue with Warrants")

INIX TECHNOLOGIES HOLDINGS BERHAD

RENOUNCEABLE RIGHTS ISSUE OF UP TO 278,179,000 NEW ORDINARY SHARES OF RM0.10 EACH IN INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX SHARES") ("RIGHTS SHARES") ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING INIX SHARE HELD AS AT 5.00 P.M. ON 26 OCTOBER 2015 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 208,634,250 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF THREE (3) WARRANTS FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS").

Kindly be advised of the following :

1)  The above Company's securities will be traded and quoted "Ex - Rights Issue” as from: 22 Oct 2015

2)  The last date of lodgment : 26 Oct 2015

3)  The Rights (OR) will commence trading on 27/10/2015

4)  The Rights (OR) will cease trading on 3/11/2015

On a similar playing field, Bornoil ex-date was on 13 Oct 2015 and it was observed that the ex-date price was 0.15 as adjusted from its closing price of 0.60 on 12 Oct 2015. On the same day the price close at 0.195 reaching a high of 0.205 with substantial increased volume of 48.5mil shares traded. Opening gapped up price was 0.175 from the reference price of 0.15.

There are talks in the market, that INIX has finalized the acquisition of a business unit which will further boost its bottom line from a GLC company which will be announced before the end of this month.

With the impending development of the talked about acquisition, I expect the shares to be traded about 30 to 40% premium over its ex-date adjusted reference price.

Happy trading

BURSAMASTER