VSOLAR (Not Rated). VSOLAR’s share price surged 1.5 sen (17.6%) to RM0.10 yesterday. Trading volume rose to a 10-month high with 42.6m shares changing hands. For the past year, the trading pattern was rather uninteresting, hovering sideways between RM0.065-RM0.09. Nevertheless, VSOLAR broke out in March, and had since been holding above the 100-day SMA. Buying activity appears to have returned with yesterday’s sudden price surge and MACD-Signal line positive crossover. The share price is now in the midst of testing the key RM0.10 (March’s high). Should this key resistance level be taken out next, we reckon that the share price would then commence a climb to RM0.14 (R2) further up. Downside support is pegged at RM0.085 (S1), and RM0.065 (S2) further below.

I think they convert during the mother share price still high.
Price will go up again only after all conversion activity stop.
Shark is waiting to collect from them at low price.

Additional Listing Announcement
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Conversion of Preference Shares
Details of corporate proposal : Conversion of Irredeemable Convertible
Preference Shares
No. of shares issued under this corporate proposal : 2,260,500
Issue price per share ($$) : 0.6000
Par Value ($$) : 0.50
Latest issued and paid up share capital after the above corporate proposal
In the following
Units : 121,128,500
Currency : Malaysian Ringgit (MYR) 60,564,250.000
Listing Date : 16/05/2016

if they want to manipulate ppl convert and get cash, they will push the mother share from time to time but they will press down PA price and don't let it go up, after you converted, the mother share will drop back to fair price again.
In this case PA will never go up again and become big losser in this game?
only WA will get benefit of it?
I think only after all ikan billis converted their PA then only the PA price will go up.

after change from WA to PA at least now got peace of mind. just leave it there to let the price increase. at least still got 5 years. if not exercise after 5 years it will automatically convert to mother share (10 to 1).
unlike WA price swing % very big, must monitor closely. anytime will drop below 10cnts. If not exercise between 5 years the value become ZERO.

PA @ 0.065 + 0.54 exercise price = 0.605, so it's traded at fare price.
WA @0.135 + 0.60 exercise price = 0.735, so it's traded over price.
yesterday I sold all my WA @0.13 and buy PA even losing more than 20k
sell WA and buy PA with double quantity.

SGB-PA exercise price is RM 0.54 AND SGB-WA exercise price is RM 0.60.
So SGB-PA price should 6ctns higher than SGB-WA !!!!!!
SGB-WA price now at 0.135 so SGB-PA logically should be 0.195 !!!!
WHY is trade at 0.06ctns now????

https://megamicrocaps.wordpress.com/2016/04/19/sgbs-three-asset-confusion/

just predict, see my six sense correct or not. make dream the price go up. I hope it will go up because I stuck at peak. believe on your own risk.

I foresee tomorrow afternoon price will push up with big volume..

get ready, show time going to start

get ready your popcorn.

look like today price will start move up slowly. last week was sowing time and this week is harvest time.

will eforce another sgb?

now all ikan bilis panic sell.

morning each time they sell 100lot but now 50lot

before noon closing 0.64, afternoon opening 0.615. straight drop 5bid. it will never go back to 0.64 again.

cannot buy this counter at the moment. after you buy you will never got chance to sell at higher price.

how to report to bursa to investigate this counter?

where is 8 million queue? all disappear.

I3gambler explanation is clear & talking on fact but your assumption correct only if PA convert to mother share. my example only show general market respond to the price without convertion.

richkid Ask a question. How can a buy queue of 8 million don't want to eat a small sell queue of only 600 lots

according to Wilson Lim theory, 8 million queue is fake queue they want to sell @0.64. give you illusion 0.635 is strong support so you don't sell to them and buy @ 0.64. how can they eat their own queue @0.64?

let say I have 100lot wa, sell all @0.14 = $14k buy pa@0.065 = 215lot

if mother share go up to 0.80, PA price will be around 0.08 x 215lot = $17.2k
wa price around 0.20 x 100lot = $20k

if mother share drop to 0.50, PA price will be around 0.05 x 215 = $10.75k
wa price around 0.09 x 100lot = $9k or less

When price is going up, keeping warrant will give more profit.
If price is droping, warrant risk is much more higher.

Will you keep warrant or change to mother share or PA?

pity him > Wilson Lim more than