It appears that Warrant WB is a very good buy now... even the mother share drops to 0.40 to 0.50 in 2 weeks time.. after conversion to mother share, the gain will be about 20% to 50% based on today closing price 0.135. if the mother keep this current price at 0.735 or higher for another 2-3 weeks, then the gain is more than 120%! Finger crossed.
@HamsterHuat... any reason why they want to goreng it below just to let those ppl convert son to mother loss their money? I don't think the operators/sharks would do something that is no gains to them... this puzzle me.. hope you can enlighten..
To be clear, there is no tickets left by big shark by the time the conversion is complete. Money is in their pocket. The price will continue to go down when retailers are taking profit after conversion complete. And it is a slaughtering between retailers ... And I ask you - who is willingly to push up the stock price if after a few days... Millions of cheap mother stock is available in market. Dun be stupid - throw now and dun look back.
HamsterHuat, 8 days? in your dream maybe. I been done alot of conversion before, never can settle within 2 weeks, some can take more than 1 month. I hope you are the lucky to get your mother share by Thursday. Btw, i dont know why you laughing which you are the one to applied convert also?
The company is very happy to see more conversion of warrants as you just push Cash into their pockets. Rather than waiting for the warrants to expire and nobody will convert.
@HSIFF88.....Son usually is freebies given by mother company... Son warrant expiry Nov 2021...
operator / sharks trying to offload warrant...because they know it will be worthless once near expiry. it is still worth money as long people think it is a good deal.
Remember it only 1 year warrant validity left.
Company benefit if those warrant become useless and can never convert to mothershare.
Remember according to SC.....it take 8 trading days to convert but then rumour is MMAG company request extension at times.
Those submit this week Monday ...the fastest is to get Mother is Thursday lah.. But this batch is mostly 0.340 + 0.20 = 0.540.
So..tell me when you got the newly minted mothershare BUT at thursday it only worth 50cents....
Cut or hold...?
and few days back..Son drop to 0.12 yes..0.12 +0.20 = 0.32 But the if 8 trading days....from yesterday.... it mean not next week but a week after...
@simple091.....when i submit...i ask..8 trading days.... But i know for a fact...it just a standard answer and i submitted .. i am waiting for Red Show next week...
Pity..when i was there...so many calling and submit conversion form.
Many people will be losing underware lo.. But no worries...i have backup plan...
Ok la.. let all the warrant convert to mother share.. warrant only have 200mill unit. Mmag will manage to raise up to rm40 million if everyone exercise. Then mmag got money to buy bestinet . Then bestinet make money. Mmag price up.. yess
I will wait until wb expiry and decide how.. is better if alot ppl convert. Whoever convert is helping the company n remaining wb holder. Because when wb unit is lesser. Easier to go up with less resistance.. i only bought today
and since mmag is trading at 20-25 c for last 2-3 years. I see strong support there.. with chances of mmag start making money if acquisition of bestinet go through.. as i bought wb today. I see alot of safety margin.
Go study gpac.then u will know convert or not. Mm & gp same style of goreng. Some more they hv partnership in business also. Suck your money until bleeding non stop. Haha. Stay away from it.
Bought it and hope it goes up and sell it but in the end the gainer is the sharks who pump up the price and later dump it to those innocent goreng kaki who bought at high price. Lol
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bobochacha
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Posted by bobochacha > 2020-09-25 15:03 | Report Abuse
Is klcc twin tower in the making. Now the middle bridge is complete. Therefore nex week limit up