To those that are still shareholders, you hope for the scenarios below:- (1) 17/8 to 23/8, accumulation by those in the know. (2) post 24/8, approval by Bursa on Awan's appeal for extension. (3) end-Oct 2023, compensation amount known. (4) those that bought after yesterday de-listing announcement made a killing. (5) Caveat Emptor.
Learnt something new on this thread today whereby you can lose 300% of your investment. I was taught since my Modern Maths school days that the maximum amount you can lose is 100%. Macam-macam ada. What a wonderful world.
In theory, the mother will definitely adjust on the 13/7. For discussion purposes, say it adjusted to 74 sen and you bought 2 shares at 82 sen on 12/7. Your 1.64 cost (0.82 x 2) will require the free W (2:1) to be listed at 16 sen (1.64-1.48) to break even. Is this easily attainable? Your guess is as good as anyone. Again, values mentioned are for discussion purposes only.
I reckon the big boys are slowing disposing their holdings and once entitlement/ ex dates are known, the subscribers of the private placement will dispose their holdings as they bought at a low price. However, hope I'm wrong.
Rights issue and substantial shareholders not willing to subscribe? Unlikely to be share consolidation if new major shareholders intend to cheaply increase their shareholding, ie. those that do not subscribe to the rights will have their shareholding % diluted.
only "get out of jail" card for those that bought is it become a potential reverse takeover target. If not:- (1) rights issue to carry on as a going concern? (2) 2 sen here we come and deja vu, 5 shares consolidated into one?
let's assume PUC is one of the successful bidders. How and where is it going to obtain the funds to commence the digital banking business? Another private placement? Rights issue? what will happen to it's share price? Your guess is as good as anyone. Caveat Emptor.