Dear Fellow Investors
There is a lot of speculation in NETX forum because it is Going for Capital consolidation with Rights Issue & free warrants
To show proof that Rights Issues are OK we look at the Examples of XOX
Director of XOX Tan Sik Eek is also the Same Director in Netx
So there is similarity
See
XOX Rights Issues
XOX BHD |
Entitlement subject | Rights Issue |
Type | Renounceable |
Entitlement description |
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,651,255,354 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN XOX BHD ("XOX" OR THE "COMPANY") ("ICPS") AT AN ISSUE PRICE OF RM0.025 PER ICPS TOGETHER WITH UP TO 662,813,838 FREE DETACHABLE WARRANTS IN XOX ("WARRANTS B") ON THE BASIS OF 4 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 2 EXISTING ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF XOX ON 12 FEBRUARY 2020 ("RIGHTS ISSUE OF ICPS WITH WARRANTS")
|
Ex-Date | 11 Feb 2020 |
Entitlement date | 12 Feb 2020 |
Entitlement time | 5:00 PM |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 12 Feb 2020 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
Number of new shares/securities issued (units) (If applicable) |
|
Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.0250 |
Par Value (if applicable) | |
Entitlement indicator | Ratio |
Entitlement Details | |
Company Name |
XOX BHD |
Entitlement | Preference Rights |
Ratio (New:Existing) | 4.0000 : 2.0000 |
Rights Crediting Date | 12 Feb 2020 |
Fractional Entitlement |
Registrar or Service Provider name, address, telephone no |
SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0362011120 Fax:0362013121 |
XOX GIVING 4 RIGHTS FOR ONE FREE WARRANT
NETX AFTER 50 TO ONE CONSOLIDATION IS GIVING 6 RIGHTS WITH GENEROUS 3 FREE WARRANTS
IF XOX COULD RISE FROM ONE SEN TO 16.5 SEN (UP 1,650%)
THERE IS ALSO HIGH POSSIBILITY SAME DIRECTORS OF XOX NOW IN NETX COULD ALSO MAKE IT GREAT AGAIN
MORE THAN THAT
FINTEC/XOX BOSSES ARE GIVING GUARANTEE TO TAKE UP AT LEAST RM10 MILLIONS OF NETX RIGHTS
Best Regards
Calvin Tan Research
Singapore
Please buy or sell After Doing your own due diligence
Now People in XOX forum expect prices to go up even higher
What if those Offered XOX Rights have given up?
They could have missed a Golden Opportunity on hindsight
So let all NETX Holders consider very carefully to take up Rights Issue or not
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Created by calvintaneng | Aug 03, 2024
Very good news for Netx
More people will go on line
Netx will be called to help in Network bandwidth optimization to prevent computer system from crashing like bursa did last Thursday
2020-07-20 03:11
Very good morning to all genuine investors of Netx, not withstanding the incessant spam of a person consumed by jealousy like 3iii, we are happy to take position in Netx
2020-07-20 07:37
mf
Hong Kong tightens coronavirus restrictions as cases hit record
2020-07-20 02:56