No worry about PA. As they say life goes on. Nearing repayment time if the company have no cash , call for right issue as they did for mas rps which was sold at lowest 63 sen to a maturity of rm 1.

You are right man. PA will have a value close to 1 later as it can be purchase for conversion to mother share.

Haha murali if your guess on rps and warant comes true you make a lot of money.

Insas rps about 96 sen and warrant 14 sen

If things are so rosy why not sell it as a right to the share holder? Anything can happen in our market. Just look at it as a neutral to negative event. Acutally if it is so rosy why not sell it higher? There are many ways to rasise capital. Private placement is not very transparent in this respect.

Just imagine if the private placement is their proxy, they can throw out the shares after placement at a profit.