Posted by ronnie2u > 2013-11-29 22:52 | Report Abuse

These 2 directors needed funds for Christmas & Chinese New Year celebrations too....

Posted by RuleNo1 > 2013-11-29 23:17 | Report Abuse

http://mrem.bernama.com/viewsm.php?idm=21241

Warrant was meant to reward shareholders as well as it was issued in the money. Win-win for both.

Posted by Fortunebull > 2013-11-29 23:17 | Report Abuse

This is part of bursa plan too! Volume so thin that they have to come out with 'innovation'! Next on line is Ecofirs! I suggest you pick up some Ecofirs to enjoy this free warrants!

Posted by RuleNo1 > 2013-11-29 23:30 | Report Abuse

Yup.. improve liquidity and provide lower entry point so that enough interest can be generated. This will help their transfer to the main board.

Posted by Fortunebull > 2013-11-29 23:36 | Report Abuse

The real fry is APFT! There's another one but I forgot!

Posted by inwest88 > 2013-11-30 10:08 | Report Abuse

# I do not quite agree (as in the Instacom case) where one benefits from buying the shares and free warrants. Below are the facts and figures (please feel free to correct me if I am wrong)

(a) The scheme - 1 free warrant for every 2 existing shares
(b) Aug 27 (day before ex)- mother share closed at 38 sen. If one has purchased 2 units to get a free warrant he would have to pay 76 sen (38 x (b) Sep 09 - listing of warrant which opened at 10.5 sen, let's say 11 sen. The price of the adjusted mother share was 29 sen.
(c) so in paying 76 sen for 2 mother shares and get the free warrant, why not on Sept 9 , you enter 2 mother shares by paying 58 sen (29 x 2) and buy 1 warrant at 11 sen, meaning you a total of only 69 sen (7 sen or about 9% cheaper than buying before ex-date to get the free warrant

This is just for the case in Instacom and may not apply to others as it all depends on the price before ex-date, the listing price of the warrant and other factors.

Posted by hiddengem > 2013-12-01 09:26 | Report Abuse

Bro inwest88 u r absolutely right. As the saying goes 'nothing is free in this world' or 'there is no free lunch'. Tq