I have been living in KK for 4-5 years. I would be surprised if those international retail outlets can make money in KK...isn't Sabah one of the poorest states in Malaysia?

NAV negative? In that case, the margin of safety shouldn't be 0.05 as ashrizal1 said. Better queue at 0.005 :P

joseph2321, CA expiry date is 30/8/2013

mingken88: At current price of Padini-CB 0.05 and Padini-CA 0.15, Padini-CA is cheaper than Padini-CB. Look at the Conversion Ratio and Exercise price of both call warrants and you'll know what I meant.

Euscilyn: If the price doesn't drop further after price adjustment during Ex-bonus, your investment of $1800 will remain the same, you will not lose $360 because you'll be getting additional 1 unit of share for every 4 units of shares that you have invested. Your 1000 units will be increased to 1250 units.