What could be the reason/s the year-end was switched from 31st Dec to 30th June? To delay the announcement of negative news to it's share price if the next year-end was 31/12/2023 instead of the current 30/6/2024? Your guess is as good as anyone. Caveat emptor.

So line up at 0.15 next week, hold and wait for Court to increase compensation and back to above 0.50?

Total compensation amount insufficient to pay creditors? A potential PN17 candidate?

If major shareholders sapu and coming Thursday outcome is good, why did it drop today? caveat emptor.

or perhaps FYE changed to give management more time to delay announcing the poor annual results?

or even nominee passive investors.

Won't be a final conclusion as no reflection of it in it's price movement today.

If it is all so juicy, why is there a need for IJM to extend the deadline to finalise the deal to buy a stake in it?

Yeah. New low in share price too?

"Supposed" is a widely abused word.

Time to dispose the mother and utilise the sale proceeds to convert the W.

Definitely. Last call to buy below 80.

The best is yet to come.

How, suspension of CEO good for share price?

Announcement is bad news. Potentially, increase in paid-up by 200M shares if fully subscribed in future.

Last call to buy at bargain price. Record profits for Picture works post-covid?

Less men more share then? Contrarian approach? Perhaps another takeover target.

Another counter with similar post-IPO price trend as Senheng?

Can. Last call to buy at bargain price.

The final nail in the coffin, if it is not delisted by then is when the year-end (30/6/2023) audited result announcement is due. Will it adhere to the dateline?

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.

From today's price movements can roughly conclude that:-

(1) movements are due to cancellation of IRIS contract
(2) strong likelihood that proceedings postponed again or need more days to conclude.

if not this one, then Awantech?

Kena tunggu hingga 15/8/2023

Keep the "son" as those that intended to sell already sold. Low downside risk and easy to push up. On hindsight, should had bought more on 1st day

bye.

How low will it go? 10% above PP price?

Time to consider taking profits before PP subscribers are allowed to sell theirs tomorrow.

Last call to accumulate at a bargain before 13/7/2023.

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.

So to buy or sell before 13/7/2023?

Time will tell. Personally, I will be buying the warrant on it's first day of listing, as they say anything which is free is not good most of the times.

Time to sell before the private placement (PP) shares are credited to the subscribers CDS account for them to sell. 5 days support to determine PP share price over.

The warrant is free at a ratio of 2:1. The conversion price already announced, only outstanding announcement is the ex-date.

After 5pm announce ex-date?

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.

Change in major shareholders?

Accumulation at 0.395 commenced. Accumulate till 0.375, hopefully by after lunch tomorrow.

Commence accumulation at a juicy price of 0.395 tomorrow. gogogo!

Compensation already in the bag. Last call to buy at bargain price next week.

Almost 2.4B shares issued after the 30% PP concluded. Will you subscribe if you are a big investor? Existing major shareholders probably can't wait to dispose their stake.

All you require is patience.

Your guess is as good as anyone presently as no notification to Bursa yet.

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.

Looking at it's future cash flow position from the latest audited accounts, won't be surprise that it needs a rights issue for future working capital purposes.

I admire your optimism in this company.

How will the share prices of the affected companies move tomorrow? Caveat emptor.

Takers of private placement shares probably can't wait to sell.

Dropped in tandem with Chin Hin?