When Govt awards a contract, they will issue the Letter of Aceeptance for the winning Bidder to accept , based on the terms. Generally a standard 5% performance bond is required condition to seal the deal and the Govt will give 1 month to consider.
If the winning bidder do not accept the terms or can't come up with the performance bond, the offer lapse and the Govt will offer to the next
Iris 1 month end dead line by end of the month, and perhaps they will raise the portion of the margin facility or raise in full through the Private Placement and proceeds from the married.deals to come up the money for the performance bond.
Once the performance bond and the Acceptance Letter (SST) is complete, the Govt contract is firmly sealed.
To make the private placement attractive for the subscribers, they have to supress the share price to within desired price as the pricing of the Private Placement are based on the 5 day average of the market price. By surpressing the Private Placement prices, the subscribers will pay less for more shares. So when the market price being pushed upward, the subcribers will gained handsomely.
The Private Placement shares may have been offered to Corporate Partners, KWSP, KWAP, Local and International Fund Managers to subscribe.
iris price moved cheaper even with immigration 1.2B project awarded ; if awarded to Dnex it would FLY to the sky !! (Dsonic got contract extended only 1 year also moved few sen).
IRIS supplied Mykad chip & holds one of the largest technology based governmental project in Malaysia, which is the MyKAD . The industry experts in digital identity sectors while it is also involved in other forms of businesses like farming and environmental solutions too.
Their contact and contactless smart cards remain as their signature and best projects. IRIS is the first company to set up fully integrated manufacturing facilities of contact and contactless smartcards, document inserts and other products in Asia. Apart from that, they also came up with the first electronic passport in the world. From there, the technology and the MyKAD project has already gained much popularity in other countries.
Wait the latest qr then you look at the cash flow statement, you will know how much cash they have in bank after pp last year.... And whether it can cater for the deposit bond
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
damansaraeagle
1,785 posts
Posted by damansaraeagle > 2021-02-22 10:46 | Report Abuse
we are just facing the wrong strategy of operators ,