THE INVESTMENT APPROACH OF CALVIN TAN

RIGHTS ISSUE OF NETX OK AS XOX UP 1,650% FROM 1 SEN TO 16.5 SEN AFTER RIGHTS ISSUE, Calvin Tan Research

calvintaneng
Publish date: Mon, 20 Jul 2020, 12:24 AM
calvintaneng
0 1,854
Hi Guys,

I have An Investment Approach I which I would like to all.

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

More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Discussions
Be the first to like this. Showing 4 of 4 comments

mf

Hong Kong tightens coronavirus restrictions as cases hit record

2020-07-20 02:56

calvintaneng

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

calvintaneng

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

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