Where is Lego btw? I hope he did not dispose his holdings already. I have no bad intentions and truthfully ikan bills here will not bring any impact on the share price. But this RI is a no brainer. Tawin is a net cash company despite consecutive losses. A simple private placement would be sufficient to raise funds for the new machineries. RI is merely another Sheraton move for the insiders to increase their stake significantly at lower costs.
Hence my conclusion is, subscribe. If you can. There is no way you will lose with rights at 0.135
@value the announcement yesterday did not come as a surprise for you because you were closely monitoring tawin and followed all their interviews, but talk is still talk if there is no official announcement (could be empty promises). This signifies that management is indeed determined to venture into the auto/EV segment. And the RI is in fact to raise fund for their machinery to supply APTIV, no hanky panky. This move has caught the attention of a lot fund managers, and yes I expect a buy up on Monday.
Disclaimer: I’m not insider or part of management. I just happen to know some substantial shareholders whom are kind enough to share these info to me. Like other retailers, I hope I can earn passive income and also wish everyone here can do well with their investments during these difficult times. Cheers.
My fellow ta-winners, may all of us huat 99. Monday will see green green following announcement tonight on the purchase of new ebeam machine. One and only in Malaysia that can produce their patented products to supply to Tesla.
@newoldbird if you want to subscribe, you need to do so before 26th May. Means you need to make payment latest by 25th May. If you don’t do anything, you will make loss because OR will disappear into thin air. Talk to your investment banker on how to subscribe, they will teach you
@yvonne always be aware of your investments. The price didn’t drop, it didn’t show red right? Share price adjusted due to RI. Tomorrow you will receive your OR. You can either sell it before 17th May or subscribe it (pay extra to own more tawin shares at 0.135
For warrant holders, just multiply your holdings with 1.9106 For instance if you hold 10000 units, you will receive additional 9106 units, your total holdings will be 19106. You don’t have to subscribe anything. Hope this helps
Fluffy. I haven’t receive any ‘wind’ on the RI yet. But judging by the preference shares conversion by Ngu & gang, they’re going big in mopping up more stakes in the company. RI will only serve to benefit them greatly.
The way I see it. Market sentiment had been quite bad for awhile now. These 2 weeks we are only seeing 2-3 green days. All this while TAWIN has been a speculative counter, but unlike stocks like MAG, Macpie etc, uptrend is still intact despite poor market performance, we can safely assume that smart monies are inside supporting the price. Now that all cards are out, tmrw will be the crucial day. Could it be like IRIS (sell on news)? Or actually something bigger? I will sell half of my holdings if it drops back to below 0.40, however if buying interest is still there I will hold longer and top up more warrants. Keep in mind there’s still right issue in the near future. Do not over commit yourselves if you are tight on cash.