PARLO BERHAD ("PARLO" OR "COMPANY") (I) DIVERSIFICATION; (II) PRIVATE PLACEMENT; (III) SPECIAL ISSUE; (IV) FREE WARRANTS ISSUE; AND (V) ESOS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 18 May 2023, resolved to approve a further extension of time up to 4 November 2023 for the Company to implement and complete the Private Placement and Free Warrants Issue.
This announcement is dated 18 May 2023.
================ Company fund running low More fund raising via shares issuance coming soon Dilution of shareholders equity %
Multi year loss making company directors still wondering how to bring in profits to boost company fund instead of via fund raising !!!
Let say I have 20,000 shares, so according to the free warrant issue, 2:1, Every 2 ordinary shares I will get 1 warrant. Thats mean I will fet 10,000 of warrants? and the warrant is worth 0.10 cents, thats mean I will get RM1,000 if i sell the warrant? Can someone please explain is this the right calculation?
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....