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JOE's investment fund for this deal is through financing, not using company internal fund.

Profit margin for world best wafer foundry house TSMC is only about 40%. Now for a multi-year loss making foundry you assume can achieve profit margin of 30% is overly optimistic.

conversion price = 60 sens

Bonus issue of up to 93,753,102 new ordinary shares in Homeritz Corporation Berhad ("Homeritz") ("Bonus Shares") on the basis of 1 Bonus Share for every 4 existing ordinary shares held in Homeritz at 5.00 p.m. on 15 December 2020 ("Entitlement Date")

by 16th Dec @ctw101

OptimuskingX, I respect your view but please be an adult and show us your theory and facts to support your accusation against kcchongnz. You statements are "empty". I dare to learn from you as well.

MyInvest, i would assume you are asking for the after bonus price (and not TP), it should be 0.973 if based on current price of 1.46. i.e. 1.46 / 3 * 2 = 0.973.

blackdove, 1 lot is equal to 100 units nowadays, not 1000 units.

blackdove, the Bonus Shares will not be entitled to the Proposed Free Warrants Issue.
33 lots / 4 = 33 x 100 / 4 = 825 units.

It could be ColdEye effect. He is in the top 30 largest shareholders list.

yungshen1: 112,300 is per-day's change, not total earning.

Dear kcchongnz, you are right. Maybe I am too sensitive and should not panic without concrete evidences. At least "creative accounting" is not easy to do on the cash portion. Thanks for sharing your view.

Dear kcchongnz, I noticed that the CFO of Plenitude has resigned today from Bursa announcement - after less than 3 months in its position. Furthermore this is the second CFO to resign in just within a year. I am getting nervous now as would it be the chairwoman is very difficult to get along with or the CFO smells anything fishy. Appreciate it if you could share some of your view on this.